0 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.
1 encouraging or leading to an economic system based on supply and demand: --
We know also that market-based services are being developed in many national settings as a way of reducing public expenditure.
This would indeed end economics as we know it, since socio-political restrictions would surely limit the functioning of markets and market-based economic growth.
The administrative revaluation of the zloty was thought of as definitely less desirable - instead a market-based approach had been adopted.
In spite of the potential for market-based reforms, the political aspects are often daunting.
Environmental regulations in the form of abatement investment and market-based policies such as emission taxes and uncertainty about their implementation may affect firm location decisions.
From a broader perspective, the results of this study can also be useful to properly implement and design enforcement strategies for future market-based environmental regulations.
A market-based system was replaced by one embedded in coercion of the intermediary merchants and the manufacturing artisans.
Incentives towards market-based care are a further policy option (and the final one to be considered here).
