market-based

market-based
market-based UK US adjective (also market-oriented)
ECONOMICS organized so that companies, prices, and production are controlled naturally by the supply of and demand for goods and services, rather than by a government: »

The country is making the transition to a market-based economy.

ECONOMICS encouraging or leading to an economic system based on supply and demand: market-based approach/policy/solution »

He intends to rely on a market-based approach to cut pollution from power plants.


Financial and business terms. 2012.

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