An interest group is some people that have the same concerns as well as trying to change some policies that have impacts on the people concern. Interest groups have many ways influence the government by putting pressure on the government officials in some ways or by crafting a rule that they would approve. In today’s world interest groups have some resources as well as money which they can utilize in hurting a government official more so, during the election period where they can support a politician or cut him. According to their policies when they support a politician during a campaign, it will be an assurance of the alliance between them and the politician so as during victory they work together with the politician to push a particular agenda or policy. However, the coalition between the governments as well as the interest groups may lead many corruption cases hence the opponents must try to regulate the relationship. The primary goal of any interest group is creating socio-economic wellbeing of their members or society a large and they get classified according to what group of individuals they represent (Thomas 112).
Free rider problem is a term which means a market failure that is when individuals take advantage of using collective good or a shared resource that they have not paid. For instance in a case where many citizens in a country use a public utility without paying for it or paying the taxes fairly. Most of the time the free rider problem occurs in markets where the supply is not diminished with the number of individuals consuming it as well as the consumption cannot get avoided. There are some goods and serves that can be used by individuals through the free riding such as infrastructure, libraries, public broadcasting among others (Stiglitz, np).
Works cited
Thomas, Clive S., and Ronald J. Hrebenar. “Interest groups in the states.” Politics in the American states (2004): 100-128.
Stiglitz, Joseph E., and Jay K. Rosengard. Economics of the Public Sector: Fourth International Student Edition. WW Norton & Company, 2015.
