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What do economists mean when they say that there is no free lunch?
Wiki User
∙ 11y ago
In my opinion, no free lunch means you scratch my back, I'll scratch yours. If i do this favor for your, you will owe one. One hand washes the other....
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Simply that almost nothing in this world is actually free - even if you don't pay for it somebody else does - and the cost is likely to reflect on yourself sooner or later: Someone pays your lunch and expects a favor in return, a salesman pays your dinner and increases the price of his goods, the government offers unemployment benefits and increases your taxes.
Everything has to be paid for somehow, it is only a matter of how the cost is distributed.
Wiki User
∙ 11y ago
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Why do economists say there is no such thing as a free lunch?
It relates to the notion that government aid programs (like those that provide free food) are paid for by taxpayers.
What do economists mean when they say there is no free lunch?
In my opinion, no free lunch means you scratch my back, I'll scratch yours. If i do this favor for your, you will owe one. One hand washes the other....More informationSimply that almost nothing in this world is actually free - even if you don't pay for it somebody else does - and the cost is likely to reflect on yourself sooner or later: Someone pays your lunch and expects a favor in return, a salesman pays your dinner and increases the price of his goods, the government offers unemployment benefits and increases your taxes.Everything has to be paid for somehow, it is only a matter of how the cost is distributed.
Economic no such thing as free lunch?
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.
Why economists say competitive markets are efficient?
Economists say that competitive markets are efficient because when there is competition prices are lower. The more available an item, the less it will cost the consumer.
Economists say that the New Deal took steps toward establishing a mixed economyin America Amixed economy is one that is?
Partly free market and partly regulated
When economists say that people act rationally in their self interest they mean that individuals what?
When economists say that people act rationally in their self interest they mean that
Why do economists say there is no such thing as a free lunch?
It relates to the notion that government aid programs (like those that provide free food) are paid for by taxpayers.
What do economists mean when they say there is no free lunch?
In my opinion, no free lunch means you scratch my back, I'll scratch yours. If i do this favor for your, you will owe one. One hand washes the other....More informationSimply that almost nothing in this world is actually free - even if you don't pay for it somebody else does - and the cost is likely to reflect on yourself sooner or later: Someone pays your lunch and expects a favor in return, a salesman pays your dinner and increases the price of his goods, the government offers unemployment benefits and increases your taxes.Everything has to be paid for somehow, it is only a matter of how the cost is distributed.
Economic no such thing as free lunch?
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.
When economist say that people act rationally in their self interest they mean that individuals?
When economists say that people act rationally in their self interest they mean that
How do you say ' I could stay for lunch for 45 minutes'?
Why don't you just say that? Or you could say, 'I can stay for lunch but I only have forty-five minutes free, will that be too much of a rush?'
Can you say no lunch was taken?
You can, but it is not idiomatic English. If you mean that people worked straight through their lunch time, use No one took lunch
Can you say lunch was taken?
You can, but it is not idiomatic English. If you mean that people worked straight through their lunch time, use No one took lunch
How do you say going for lunch in Tamil?
In Tamil, you can say "மதிப்பீடுக்காக மடியில் செல்லுவது" (Madhippeetukkaaga maṭiyil selluvadhu) to mean "going for lunch."
How can I say your eating lunch?
You say "had lunch"
why say ITS FREE! then try to charge for it I hate bait and switch A-holes!?
Why are they not truly free? no such thing as a free lunch. This is a very lame attempt at bait and switch!
How do you say lunch in Indian?
Have a lunch.
