Vocab Bloom Hub

free enterprise

/ˈfriː ˈɛntəpraɪz/

1 entry

Word connections

phrase

/ˈfriː ˈɛntəpraɪz/C1formalbusiness
  • ruЭкономическая система, в которой частные предприятия работают в условиях конкуренции с минимальным государственным регулированием или контролем, позволяя рыночным силам определять цены, производство и распределение товаров и услуг.

An economic system in which private businesses operate in competition with minimal government regulation or control, allowing market forces to determine prices, production, and distribution of goods and services.

  1. B2formal

    An economic system where private businesses operate in competition and largely free of state control.

    ruЭкономическая система

    • Free enterprise encourages innovation and competition.
    • The country's economy is based on free enterprise principles.
    • Many believe free enterprise leads to greater economic growth.
Vocab Bloom Hub English dataset · 0.3.1

Inherited terms

Vocabulary data from the Vocab Bloom Hub English dataset (CC BY 4.0), https://huggingface.co/datasets/Fristail27/vocab-bloom-hub-en

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