Looking for answers? Westonci.ca is your go-to Q&A platform, offering quick, trustworthy responses from a community of experts. Join our platform to connect with experts ready to provide precise answers to your questions in different areas. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform.
Sagot :
A person who consumes a good without paying for it is known as a free rider.
The free-rider problem is a type of market failure which occurs when those who benefit from resources, public goods such as public roads or hospitals, or services of a communal nature do not pay for them or pay less.
Free riders are a problem because while not paying for the good either directly through fees or different tolls or indirectly through taxes, they may continue to access or consume it.
Thus, the goods may be under-produced, overused or degraded. Additionally, it has been shown that despite the evidence of that people tend to be more cooperative by nature, the presence of free-riders cause this prosocial behaviour to deteriorate.
To know more about free rider here:
https://brainly.com/question/933478
#SPJ4
We appreciate your visit. Hopefully, the answers you found were beneficial. Don't hesitate to come back for more information. We appreciate your time. Please revisit us for more reliable answers to any questions you may have. Westonci.ca is your go-to source for reliable answers. Return soon for more expert insights.