Home >  Term: free market
free market

A system in which the market forces of supply and demand determine prices and allocate available supplies, without government intervention. The concept of a free-market approach in agricultural policy, in its purest form, is no government price and income support programs, supply management programs, export subsidies, or barriers to international trade.

0 0

Looja

  • AjayOwor
  •  (Gold) 1463 points
  • 100% positive feedback
© 2024 CSOFT International, Ltd.