1. An economic system in which private individuals and businesses, rather than the state, own and control the means of production and distribution of goods and services
The United States operates primarily on a private enterprise economy model.
Os Estados Unidos operam principalmente com um modelo de economia de livre empresa.
2. A market-based economy where competition and profit motive drive economic activity
A private enterprise economy encourages innovation and efficiency through competition.
Uma economia de livre empresa estimula a inovação e a eficiência através da concorrência.