freeconomics means A business model in which a product is offered free of charge and supported by sales of a premium version. Lexicurio rates it Sui generis — a strength score of 97 out of 100.
Etymology
Blend of free + economics.
noun
- A business model in which a product is offered free of charge and supported by sales of a premium version.“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.”