A -module is flat iff
it is torsion-free: hence
and the infinite direct product are flat -modules, but they are not projective. In fact, over a Noetherian
ring or a local ring, flatness implies projectivity
only for finitely generated modules. This property, together with Serre's
problem, allows it to be concluded that the three above implications are equivalences
if is a finitely generated module over
a polynomial ring , where is a field.