Difference between revisions of "Free Enterprise"
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| − | '''Free Enterprise''' is | + | '''Free Enterprise''' is commerce with [[business]] transactions carried on between private individuals or corporations without state interference or planning. It has been the primary economic model in the U.S. and Britain since the [[Industrial Revolution]], but free enterprise has been tempered somewhat by government regulation. In [[France]], ironically, this economic model is called liberalism. |
[[Category:Economics]] | [[Category:Economics]] | ||
Revision as of 05:47, April 8, 2007
Free Enterprise is commerce with business transactions carried on between private individuals or corporations without state interference or planning. It has been the primary economic model in the U.S. and Britain since the Industrial Revolution, but free enterprise has been tempered somewhat by government regulation. In France, ironically, this economic model is called liberalism.