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definition:a type of Market Failure
- A free rider is someone who does not pay for a public good or service but benefits anyways. - The government provides public goods both to eliminate free riders and as a safety net for people that the market economy fails connected key terms: externalities | market failures  |
▪ people who utilize government funding without paying taxes ▪ all children under 16 who can't work ▪ anyone of age to work who does not |