market-based
adjective
ukus(alsomarket-oriented)ECONOMICS
organizedso thatcompanies,prices, andproductionarecontrollednaturallyby thesupplyof anddemandforgoodsandservices,ratherthan by agovernment:
Thecountryis making thetransitionto amarket-basedeconomy.
ECONOMICS
encouragingorleadingto aneconomicsystembasedonsupplyanddemand:
market-based approach/policy/solutionHeintendsto rely on a market-basedapproachtocutpollutionfrompowerplants.