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

Equivalents

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