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Question

When a person is NOT paying anything for public goods, it is known as ________.

This question was previously asked in
SSC CGL 2024 (Tier-I) Previous Year Paper (17-Sep-2024) (Shift 3)
The correct answer is

free rider

The "free rider" problem occurs when people benefit from resources, goods, or services without paying for them, which is common in public goods.

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Similar Questions

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Important Questions from Economy

  1. According to the Ministry of Road Transport and Highways' annual report (2020-2021), which position does India have in terms of road networks in the world?

  2. Harrod Domar model was the main idea behind the _______ Five Year Plan.

  3. Money supply is a _______ concept.

  4. When was the Rashtriya Swasthya Bima Yojana introduced to provide health insurance to people below the poverty line?

  5. Which of the following is a component of the SHG-bank linkage program in India?

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