What would you like to do?
The late, great Milton Friedman Nobel-prize winning Chicago-school economist Milton Friedman is famous for saying, "There is no such thing as a free lunch." Sci-fi novelist Robert Heilein also used the phrase in his book "The Moon is a Harsh Mistress." The term means that nothing is free, and if something seems free, it's just that you're getting charged through a back-door means; e.g., a bar might offer you a free lunch but you pay for it in the price of drinks. More likely is that it may be free to for some people, but someone else is picking up the tab. TANSTAAFL Actually, Robert Heinlein wrote "There ain't no such thing as a free lunch." Often shortened to TANSTAAFL in written conversations these days. "There is no such thing as a free lunch" refers to economics. In economics everything from our time to money is a resource. To have a "free lunch" is to give up a resource, "time", that could be used elsewhere. So although you gain a "free lunch", you lose a resource.
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When you buy a school lunch, it helps pay for more food, to make the school lunches. Also, it gives the principle money to pay the teachers with, because they have worked so h…ard to teach your child, they need some kind of reward for doing all of that hard work! And then last, it gives the principle money to go out and buy things that the teachers might need to teach with. So, when they get these teaching devices, they can teach your child or children more. And your child can grow up to have a better life and a better education.
In a work setting - if an employer provides free or reduced lunches, or even subsidises a cafeteria...that is called a fringe benefit....just like getting a car to use. …An amount of income that the employee effectively got by the employer doing so is imputed (that means guessed), and included in his income as taxable.
Fallacy means deceptive or misleading. So I'm guessing this phrase means mislead to believe there's a free lunch.
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 pr…oduced 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 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.
The assertion that There is no free lunch means that there is always a sacrifice of alternative goods. It also means scarce resources are involved in the production of goo…ds.
yes, its very possible i have friends that do not pay and get free food for lunch and breakfast.
yes. if you get free lunch at school you can get free breakfast also. and if you have reduced lunch, your breakfast is also free.
fifty five bucks and 72 cents mate
Simply put, it means that nothing is "free" since somebody has to pay for it. Basic economics require that whenever goods or services are required, somebody has to pay for it.… If nobody pays for it, someone (you) will eventually go broke.
what does on free lunch means in economic
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 fore…gone 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.
actually , no 'cause I'm known as the geek of the school
maybe if a family is having a bad time with family, then they would ask the school if their child could have free meals:) hope this helped -KateMugele
The Free Lunch Is Over was created in 2005.