market-driven economy
Definition:
A form of economic organization in which the forces of supply and demand determine prove and, thereby, what goods and services will be produced for whom. Often referred to as a 'free market economy'.
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© Westburn Publishers Ltd 2002, The Westburn Dictionary of Marketing edited by Michael J Baker, ISBN 978-0-946433-01-8. www.themarketingdictionary.com. Entry: [Michael J. Baker], [1998].