Question

common property resource is also called

Answer 1

The use of the term "common property resource" to designate a type of good has been criticized, because common-pool resources are not necessarily governed by common propertyprotocols. Examples of common-poolresources include irrigation systems, fishing grounds, pastures, forests, water or the atmosphere

The use of the term "common property resource" to designate a type of good has been criticized, because common-pool resources are not necessarily governed by common property protocols. Examples of common-pool resources include irrigation systems, fishing grounds, pastures, forests, water or the atmosphere

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Answer 2

hello friend,

In economics, a common-pool resource is also called a common property resource, is a type of good consisting of a natural or human-made resource system (e.g. an irrigation system or fishing grounds), whose size or characteristics makes it costly, but not impossible, to exclude potential beneficiaries from obtaining benefits from its use. 


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