Free-enterprise economies refer to economic systems that are based on the principles of capitalism, where individuals and businesses are free to make their own decisions and govern themselves without government interference. Some synonyms for free-enterprise economies include market economies, capitalist economies, laissez-faire economies, and private enterprise economies. A market economy is a system where supply and demand control the prices of goods and services, capitalism is a system where private ownership and competition drive the economy, laissez-faire economies allow for little government intervention, and private enterprise economies allow individuals and organizations to own and operate their businesses without much regulation. All of these terms refer to an economic system that emphasizes individual freedom and decision-making in the marketplace.