ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -I may be a free rider (or free rider) on the beneficial actions of others. A free rider, most broadly speaking, is someone who receives a benefit without contributing towards the cost of its production.

Detailed explanation-2: -A public good is non-excludable. Thus, one cannot be denied access to the good. In other words, one can enjoy the benefit of a public good without paying for it. In this case, people are said to be free-riding on the provision of public good, and those people are known as “free riders".

Detailed explanation-3: -Whenever you enjoy something that seems free, such as a day at a clean beach, someone pays for its upkeep, which technically makes you a free rider. The free rider problem describes what happens when many people enjoy a seemingly free resource without paying for it.

Detailed explanation-4: -What Is the Free Rider Problem? The free rider problem is the burden on a shared resource that is created by its use or overuse by people who aren’t paying their fair share for it or aren’t paying anything at all. The free rider problem can occur in any community, large or small.