Market-friendly
Market-friendly describes policies, actions, or environments that are designed to foster and support free markets, economic growth, and private sector activity. This often includes reduced government intervention, deregulation, tax incentives for businesses, protection of property rights, and open trade practices. The term suggests a preference for market-based solutions over government regulation, aiming to create a business environment that is attractive to both domestic and international investors. It implies efficiency, competitiveness, and a focus on economic prosperity driven by market forces.
Market-friendly meaning with examples
- The government adopted a market-friendly approach to privatization, selling state-owned assets to private investors. This resulted in increased efficiency and competition in the telecommunications sector. Such a policy was considered by international financial institutions as a positive step towards economic reform. Its aim was to attract foreign investment.
- The central bank's market-friendly monetary policy, involving interest rate adjustments and open market operations, aimed to control inflation while promoting economic stability. This approach was contrasted with more interventionist methods used by previous administrations. It gave the business community confidence that inflation would be kept in check.
- The city council implemented a market-friendly zoning plan, allowing for greater flexibility in land use and encouraging the development of new businesses. This promoted entrepreneurship. They hoped it would revitalize the downtown area. This policy was praised by the Chamber of Commerce.
- The country’s market-friendly trade agreements, which reduced tariffs and eliminated trade barriers, boosted exports and attracted foreign investment. This fostered a vibrant and competitive economy. These agreements allowed the country to integrate more fully in the world's financial markets.