Select the correct word to complete the statement.
Since the 1980s, Turkey has been moving from a government-directed economy toward more private ownership. Turkey is moving toward a
economic system.
market-based
To find the correct word to complete the statement, we need to identify the type of economic system that Turkey is moving toward. To do this, we can examine the given information: "Since the 1980s, Turkey has been moving from a government-directed economy toward more private ownership."
Based on this information, we can determine that Turkey is transitioning toward a more market-oriented economic system. In a market-oriented economy, the allocation of resources and production decisions are primarily determined by the interaction of supply and demand in the marketplace, rather than being centrally planned by the government.
Therefore, the correct word to complete the statement is "market-oriented."