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A '''free rider''' is someone who "rides for free" in [[economics]]: he benefits for something without paying for it. An example is the sailor who benefits from a lighthouse built by someone else.
A '''free rider''' is someone who "rides for free" in [[economics]]: he benefits for something without paying for it. An example is the [[sailor]] who benefits from a lighthouse built by someone else.
A lighthouse and national defense are examples of [[public good]]s. The market would not provide those goods as it would be unable to charge a price to all users/consumers. It would be both unprofitable and impractical to attempt to do so. They suffer from what is known as the '''free rider''' problem.
A lighthouse and national defense are examples of [[public good]]s. The market would not provide those goods as it would be unable to charge a price to all users/consumers. It would be both unprofitable and impractical to attempt to do so. They suffer from what is known as the '''free rider''' problem.