market-driven

Language: en

📖 Definitions

  1. adjective
    Guided or controlled by the forces of supply and demand in a free market, rather than by government regulation or central planning.; Oriented toward maximizing commercial profit or responding directly to consumer preferences, often influencing product development or service delivery.; Characterized by a reliance on competitive pricing and private enterprise to determine resource allocation, standards, or policy outcomes, sometimes implying a neglect of social welfare.

💬 Examples

  1. The company adopted a market-driven strategy to quickly respond to changing consumer preferences.