Market-driven economic policy is an approach where government decisions and regulations are guided by market forces, aiming to promote efficiency, competition, and innovation. It emphasizes minimal governmental intervention and allows supply and demand to shape economic outcomes. Examples include Trade Liberalisation, Privatisation, and Deregulation. Conversely, State-led economic development is an approach where the government takes an active role in guiding and directing economic growth through policies, investments, and planning. This often involves strategic intervention in industries, infrastructure projects, and economic planning to achieve specific developmental goals.