What is another word for free enterprise system?
Pronunciation: [fɹˈiː ˈɛntəpɹˌa͡ɪz sˈɪstəm] (IPA) 
The term "free enterprise system" can be expressed in a number of different ways. One synonym for this concept is "capitalism," which refers to an economic system in which private individuals or businesses own and operate the means of production. Another term that is often used in conjunction with free enterprise is "market economy," which emphasizes the role that supply and demand forces play in determining prices and allocating resources. Other synonyms for free enterprise might include "liberal economy," which emphasizes the role of individual liberty and free competition, or "laissez-faire capitalism," which stresses the need for limited government intervention in economic affairs. Ultimately, regardless of the term used, free enterprise systems emphasize the importance of letting market forces determine the course of business and economic activity.
