turupõhistes
turupõhistes refers to systems or approaches that are driven by market forces. This term, originating from Estonian, literally translates to "market-based" or "market-driven." In economic and policy contexts, it signifies a reliance on supply and demand, competition, and price signals to allocate resources, make decisions, and achieve objectives.
Market-based mechanisms are often contrasted with command-and-control or centrally planned systems. The underlying principle is that
The advantages attributed to turupõhistes approaches often include increased efficiency, innovation, and responsiveness to consumer needs.