A market-oriented economy is an economic system in which the decisions regarding investment, production and distribution are guided by the price signals created by the forces of supply and demand.
Capitalism: An economic system characterized by private ownership of goods and services for profit. It's essentially another name for a market-oriented economy.
Supply and Demand: These are economic model principles that determine pricing in a market. In a market-oriented economy, these two forces drive most decisions.
Free Trade: The policy of allowing businesses in different countries to trade without government interference; it's often associated with market-oriented economies as it relies on the same principles of supply and demand.
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