Economic Definition of market-oriented economy. Defined.
Offline Version: PDF
Term market-oriented economy Definition: A mixed economy that relies heavily on markets to answer the three basic questions of allocation, but with a modest amount of government involvement. While it is commonly termed capitalism, market-oriented economy is much more descriptive of how the economy is structure.
« market-clearing price | marketing »
Permalink: https://glossary.econguru.com/economic-term/market-oriented+economy