Question

‘The negative competition to finish off the common pool resource is the real contemporary

challenge’.Give Example.​

Answer 1

Answer:

sorry I didn't get your question

Answer 2

A common-pool resource (CPR) is a goods type comprising a human or man-made resource system (irrigation system/fishing grounds), whose characteristics or size makes it costly, however, not impossible, to eliminate potential beneficiaries from gaining benefits from its utilisation

Explanation:

• Common pool resources can be owned as public goods, as common property resources by national, regional or local authorities, or as private goods by private individuals and companies. They are used as open access services when they are owned by nobody.
• The usage of many common resources can be extended when properly managed, as the resource system comprises a negative feedback loop in which the stock variable regenerates the fringe variable continuously, ensuring that the stock variable is not affected and provides an optimum consumption.
• However, consumption that exceeds the fringe value decreases the stock variable, which reduces the flow variable in turn. The fringes and flow variables may often be regenerated to the initial levels if the stock variable is allowed to recover but the loss is always irreparable. For instance, if the water supply system fails due to water overuse, a circumstance that is sometimes referred to as the "tragedy of the common people" would eventually occur.
• The "tragedy of commons" is an economic dilemma for every person to consume a resource at the expense of any other person without any way for excluding others from consumption. This contributes to over-consumption, expenditure and eventually resource depletion. examples, include the collapse of the North Atlantic Cod fisheries and the extinction of the dodo bird.
• Another example, The prudence of the landholders in order to preserve the value of the land and herd health would restrict its use of grazing lands kept as private property. Grazing lands that are held in general are over-saturated with cattle, since all herdsmen share the food consumed by cattle. If people were facing the same problem as with herds animals in the example, each person would act in one's own interests and consume as much scarce resources as possible, and make it much more difficult to find a resource
• Since fish are a resource for open access, fishing and profit are fairly easy. When fishing is profitable, more fishermen and less fish would be available. Few fish lead to higher costs, which would lead again to more fishermen and less fish breeding. It is a negative externality and and an example of problems that arise with open access goods

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