MARKET-ORIENTED ECONOMY: 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. See also | economy | mixed economy | economic system | capitalism | three questions of allocation | fifth rule of imperfection | efficiency | competitive market | market failure | economic policies | pure market economy | command economy | free enterprise |
