Live revision! Join us for our free exam revision livestreams Watch now


Market Oriented Development

Market-oriented economic development is a philosophy that focuses on the needs and wants of consumers as the driving force of economic growth. It's an alternative to product-oriented economic development, which focuses on promoting a specific product or service. Market-oriented development involves creating products and services that meet the needs of consumers, rather than trying to convince consumers that they need or want a particular product. It also involves considering the entire market, not just individual firms or industries.

© 2002-2024 Tutor2u Limited. Company Reg no: 04489574. VAT reg no 816865400.