Answer the question in maximum 15 to 20 words. This question carries 03 marks. [MPPSC 2023]
What do you mean by ‘free riders’?
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“Free riders” refer to individuals or entities that benefit from a resource, service, or public good without contributing to its cost or maintenance. This concept is often discussed in the context of public goods, such as clean air, national defense, or public parks, where it is challenging to exclude non-contributors from enjoying the benefits. Free riding can lead to underfunding and overuse of resources, as those who do contribute may feel discouraged, knowing others can access the benefits without paying. This phenomenon can create inefficiencies and inequalities, making it essential to establish fair funding mechanisms to ensure sustainability and equitable access.