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Economists say “There’s no such thing as a free lunch.” Using the terms and concepts learned...

Economists say “There’s no such thing as a free lunch.” Using the terms and concepts learned at the start of class, what is your take on this comment?

Not be less than 5 complete sentences.
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Answer #1

This is a popular phrase used by economists which tells that you can't get something for nothing. The detailed version of it says that unless you have the power of creation, there's nothing free in thin this world and you've to pay for everything one way or the other. This comment has been made earlier by many economists and surprisingly this theory holds true even today. It is all a part of corporate business strategies which create an illusion that people actually get something for free. However the underlying advantages of such things can drag the people towards itself which is something not to be left all in all.

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