freeconomics
English
Etymology
Blend of free + economics
Noun
freeconomics (uncountable)
- A business model in which a product is offered free of charge and supported by sales of a premium version.
- 2010, Khaled Elleithy, Tarek Sobh, & Magued Iskander, Technological Developments in Networking, Education, and Automation, →ISBN, page 3:
- Much attention has been devoted to the concept of freeconomics, most notably the recent book by Wired magazine editor Chris Anderson entitled, "Free: The future of a radical price." Most consumer-level cloud offerings would be labeled a "freemium", which is a free version that is supported by a paid, premium version.
- 2011, Nicolas Pujol, The Mind Share Market: The Power of an Alternative Currency, →ISBN:
- Isn't the concept of freeconomics founded on the power of a zero price? Unfortunately, freeconomics does not insulate entrepreneurs from the path that is inherent to any new business: a fragile endeavor with limited financial resources, crowded markets, and the need to get one's idea out so that it becomes widely known.
- 2014, Irvin Tucker, Survey of Economics, →ISBN, page 129:
- Well, today more and more Web companies are using digital technology and the principles of freeconomics to make profits by giving something away free of charge.
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Synonyms
- freemium