What is another word for free-enterprise economy?
Pronunciation: [fɹˈiːˈɛntəpɹˌa͡ɪz ɪkˈɒnəmi] (IPA) 
A free-enterprise economy can also be described as a market economy, capitalistic economy, or laissez-faire economy. These various synonyms all refer to an economy that relies on the market forces of supply and demand to determine prices and resource allocation. In a free-enterprise economy, businesses are generally allowed to operate with minimal government regulation and intervention. The opposite of a free-enterprise economy is a command economy, in which the government makes all economic decisions and controls all resources and production. The use of different synonyms for free-enterprise economy reflects the various perspectives and values that people have regarding this type of economic system.
