Free-enterprise system - Hutchinson encyclopedia article about Free-enterprise system Printer Friendly
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capitalism
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capitalism

Economic system in which the principal means of production, distribution, and exchange are in private (individual or corporate) hands and competitively operated for profit. A mixed economy combines the private enterprise of capitalism and a degree of state monopoly, as in nationalized industries and welfare services.

Most capitalist economies are actually mixed economies, but some (such as the US and Japanese) have a greater share of the economy devoted to free enterprise.



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This may be one critique of conservatives, but the main one is sticking to our principle that this country became great because of capitalism, a free-enterprise system and self-reliance.
S-style capitalism is to blame for the crisis, Bush called upon leaders to work to fix the free-enterprise system, not dismantle it.
That list of luxuries represents but a fraction of the wonders that resulted from American entrepreneurship and the free-enterprise system that allowed it to thrive.
 
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