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free enterprise:

. . . the group of industrious undertakings, especially businesses, that operate competitively and enjoy minimal government control, interference, oversight, or regulation; i.e., free enterprises operate on their own, taking risks in free market economies.

A free market economy functions when the basic economic concept of supply and demand is applied because it's an economy in which the allocation for resources is determined by transactions between buyers and enterprises providing goods and services.

EconomyWatch.com states that . . . free market economy primarily means a system where the buyers and sellers are solely responsible for the choices they make. A free market economy is a market economy. WiseGEEK.com has a free market article.



 
 
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Economic Development Services, Inc. -- copyrights and all rights reserved / 06/09/2014