free enterprise vs. capitalism
[free en-ter-prahyz]
/ ˈfri ˈɛn tərˌpraɪz /
noun
-
an economic and political doctrine holding that a capitalist economy can regulate itself in a freely competitive market through the relationship of supply and demand with a minimum of governmental intervention and regulation.
-
the practice of free enterprise in an economy, or the right to practice it.
[kap-i-tl-iz-uhm]
/ ˈkæp ɪ tlˌɪz əm /
