By DARLINGTON CHILUBAA FREE gift or service has an actual price or cost to the one who decides to provide that service. This means that the free gift, or service, is procured at a price from its source and all additional costs such as transportation or value addition are consumed or borne by the service provider so that the ultimate beneficiary can get the service freely.The fact that there is an attached cost makes this an economic and financial decision that must be done with utmost attention and seriousness. This topic becomes more complex when broadened to national level where government must decide whether the whole economy can function on free services or, better still, to choose select sectors to provide free services for.Whatever the decision, free services, whether framed as empowerment or subsidy, must necessarily have corresponding revenue or income to finance their provision. Nations that successfully provided free services such as health and education did […]
FREE MARKETS AND SUBSIDIES
