Private-enterprise (Adjective)
Meaning
Subscribing to capitalistic competition.
Classification
All adjective clusters.
Examples
- The private-enterprise system relies on individual initiative and innovation to drive economic growth and development.
- The company's success was a testament to the power of private-enterprise and the free market economy.
- Proponents of private-enterprise argue that it is the most effective way to allocate resources and promote economic efficiency.
- The government's decision to privatize the state-owned industries was seen as a major shift towards a private-enterprise economy.
- The private-enterprise model has been criticized for prioritizing profits over social welfare and environmental concerns.