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It relates to the notion that government aid programs (like those that provide free food) are paid for by taxpayers.

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7y ago
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14y ago

Because everything has to be paid for by someone. Also, if someone is getting you something for free, it is likely that they will want something in return.

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Q: Why do economists say there is no such thing as a free lunch?
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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.


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.


What do economists mean when they say that 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.


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

Related questions

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 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 ' 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?'


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.


What do economists mean when they say that 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.


How can I say your eating lunch?

You say "had lunch"


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


How do you say 'Have you had lunch' in Hindi?

i had lunch


How do you say lunch in Indian?

Have a lunch.


How do you say lunch for more then one?

you say lunch for and then how many people you have


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