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Sagot :
The situation in which individuals are tempted not to contribute to a cause because they will get the benefits even if they do not participate is called the free-rider problem.
What is the the free rider problem?
- Economics has a problem with the free rider phenomenon. It is seen as an illustration of a market failure.
- In other words, when some people are permitted to use more than their fair share of a shared resource or pay less than their fair part of the costs, there is an inefficient distribution of products or services.
- Free riding hinders traditional free-market techniques of producing and consuming goods and services.
Give an example of the free-rider problem.
- Overconsumption of common resources is another situation that is thought to result in a free-rider dilemma.
- The Tragic Commons is another name for this.
- For instance, a fisherman may take advantage of other fishermen who are more interested in protecting sustainable fish stocks by riding on their large catch.
Learn more about free-rider problem here:
https://brainly.com/question/9878653
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