Meaning of freeconomics | Babel Free

Definitions

A business model in which a product is offered free of charge and supported by sales of a premium version.

uncountable

Examples

“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.”

“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.”

“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.”

CEFR level