economic theory states that there is no such thing a a free lunch. the reason for this is someone has to pay for that sandwich that you are about to eat for "free." someone produced and payed for the bread and meat in the sandwich, then it is bought by stores, then the place that made you the sandwich had to buy those meats, and now you get to eat that sandwich that cost you nothing but it cost other people money.
There is no such thing as a free lunch because all actions, even if their strict accounting cost is zero, have an opportunity cost which is the highest-valued alternative foregone to take an action. For example, even if you had a 'free' banquet for lunch from a friend, you would have to forgo whatever else you could have used that time for to eat.
Nothing is for free in life. Somebody has to bear the cost.
Correct. In other words, nothing in this world is free. Say if you were taken to lunch by your boss, and he paid then even though you had a free lunch, the meal still cost money.
Merit Goods
There is no Such Thing As A Free Lunch.
people must face tradeoffs
The expression "there is no such thing as a free lunch" is an expression coined by Milton Freedman dating from the 1970s, much later than Adam Smith, who lived in the 18th century. The expression basically means that nothing is free (if you are given something for free, it means that someone else is paying for it, like a gift. It's not actually free.) There is a saying in modern finance that says "the only free lunch is diversification".
TINSTAAFL There Is No Such Thing As A Free Lunch
There are many real life examples in the world of not being able to get a free lunch. Many people in the business world do not get free lunch for example.
Truman
Correct. In other words, nothing in this world is free. Say if you were taken to lunch by your boss, and he paid then even though you had a free lunch, the meal still cost money.
Merit Goods
There is no Such Thing As A Free Lunch.
What is the missing word "there is no such thing as a free lunch A Lunch B House C Range
It is free in Texas the only thing you have to pay for is school supplies, and if you buy lunch.
Unfortunately, there's no such thing as a free lunch, but you can rent a water cooler relatively cheaply. Example companies: http://www.watercoolerproducts.com/ and http://www.atlassales.com/ .
It does sound to good to be true. Although you may get a phone free on contract, there is no such thing as a "free lunch". Free phones will come with a phone subscription which subsidizes the device.
There's no such thing as a free lunch! (Nothing comes free)
The Free Lunch was created in 2001.