SSC
GENERAL ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A person who does not pay for a good but benefits from it anyways is known as a
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Jerk
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Free rider
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Cartel
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None of the above
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Explanation:
Detailed explanation-1: -A free rider is someone who wants others to pay for a public good but plans to use the good themselves; if many people act as free riders, the public good may never be provided. Markets often have a difficult time producing public goods because free riders attempt to use the public good without paying for it.
Detailed explanation-2: -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.
Detailed explanation-3: -In economics, a free rider is someone who takes advantage of the work of others without ever having to pay the costs.
There is 1 question to complete.