free enterprise vs market economy

free enterprise and market economy both are nouns.

Word	Noun	Adjective	Verb	Adverb
free enterprise	Yes	No	No	No
market economy	Yes	No	No	No

As nouns, free enterprise and market economy are synonyms defined as:

free enterprise and market economy: an economy that relies chiefly on market forces to allocate goods and resources and to determine prices

Other synonyms of free enterprise include laissez-faire economy, private enterprise.

free enterprise (noun)	market economy (noun)
an economy that relies chiefly on market forces to allocate goods and resources and to determine prices	an economy that relies chiefly on market forces to allocate goods and resources and to determine prices