What is free-rider best defined as?

2 answers:

8 0

In economics, the free rider<span> problem occurs when those who benefit from resources, goods, or services do not pay for them, which results in an under-provision of those goods or services.</span>

konstantin123 [22]4 years ago

6 0

The concept of Free Rider is explained below.

Explanation:

Free riders, as the name suggests, are the people who take advantage of the things free of cost. People who take benefits of something without putting any effort or without paying for it, are called the free riders.

For example, The state of Florida wants to reduce the pollutants in the everglades and restore the endangered species. For this, they funded a program to recruit scholars and researchers. As a result of their work to reduce the pollutants and restore the species, the unique ecosystem came to existence and the cleaner water supply was made possible. So these were the things from which the Area residents were benefited. So here Area residents acts as Free Riders.

Learn more about Free Riders at:

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