Moyes believes the club is best known for recruiting young players and not dealing with marque signings.
Having been delighted with the development, Moyes who managed the club for just a season heaped praises to his former club for reversing to their transfer philosophy.
"They have now chosen to sign some young players and when you look back they signed Wayne Rooney from us at ¬Everton aged 18," Moyes told the Mirror.
"Cristiano Ronaldo was also 18 when he joined, so over the years they have had a policy of signing young players and many of them have been the best up-and-coming future stars.
"Now and again there would be a sprinkling of stardust, like an Eric Cantona, or someone who they signed to make the difference, like Robin van Persie.
"I never thought they were a club who thought it was all about spending the money, but if they needed to, they could.
"Manchester United's values weren't always to buy the most expensive players but to do it their way which was bringing in the boys from the academy and picking up the best young players."
The Red Devils are currently embarking on their pre-season campaign as they will face Norwegian side Kristiansund on Tuesday in Norway.
United have made two signings since the end of last season, both players aged 21, Daniel James and Aaron Wan-Bissaka from Swansea City and Crystal Palace respectively.
