| NOUN | group | private enterprise, market economy, free enterprise, laissez-faire economy | an economy that relies chiefly on market forces to allocate goods and resources and to determine prices |
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| Meaning | An economy that relies chiefly on market forces to allocate goods and resources and to determine prices. | |
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| Synonyms | market economy, free enterprise, laissez-faire economy | |
| Narrower | capitalism, capitalist economy | An economic system based on private ownership of capital |
| Broader | economy, economic system | The system of production and distribution and consumption |
| Opposite | non-market economy | An economy that is not a market economy |
| Spanish | economía de mercado | |
| Catalan | economia de mercat | |
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