Economics
In microeconomics, an agent is said to be free riding when it does not pay for its share of the cost of producing a public good. This may be a problem. See the free rider problem for further discussion.
Read more about this topic: Free Riding
Famous quotes containing the word economics:
“I am not prepared to accept the economics of a housewife.”
—Jacques Chirac (b. 1932)
“Women’s battle for financial equality has barely been joined, much less won. Society still traditionally assigns to woman the role of money-handler rather than money-maker, and our assigned specialty is far more likely to be home economics than financial economics.”
—Paula Nelson (b. 1945)
“There is no such thing as a free lunch.”
—Anonymous.
An axiom from economics popular in the 1960s, the words have no known source, though have been dated to the 1840s, when they were used in saloons where snacks were offered to customers. Ascribed to an Italian immigrant outside Grand Central Station, New York, in Alistair Cooke’s America (epilogue, 1973)