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TeachMeFinance.com - explain Free market Free market The term 'Free market ' as it applies to the area of agriculture can be defined as ' 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'. Previous 5 Terms: Freak Wave Free alongside ship (f.a.s.) Free Atmosphere Free Ground Water Free lunch (or breakfast, snack, or milk) Next 5 Terms: Free on board (F.O.B. or f.o.b.) Free on board (f.o.b.) free radicals Free rider Free stocks About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.