WHAT IS THE FREE RIDER PROBLEM IN ECONOMICS?
In economics, the free
rider problem refers to a situation where some individuals in a population
either consume more than their fair share of a common resource, or pay
less than their fair share of the cost of a common resource.
Honourable mentions go to:
F.Y.B.Com.: Zenaida, Doris, Alisha and Sanita
S.Y.B.Com.: Stella, Olivia
Welcome aboard Doris and Sanita! :)
