the negative competition to finish off the common pool resource is the real contemporary challenge give example
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A sea of water is free for anyone to fish is the example of common pool resources.
Explanation:
- A common pool resource also known as a common property resource.
- It is a type of good consisting of a natural or human-made resource system.
- The example is fishing grounds, whose size or characteristics makes it costly, but not impossible, to eliminate possible recipients from gaining benefits from its use.
- Problems with common pool resources are unlike pure public goods, common pool resources face complications of overcrowding or overuse, because they are subtractable.
- A common-pool resource typically consists of a core resource example of water or fish, which defines the stock variable, while providing a limited quantity of extractable fringe units, which defines the flow variable.
- Based on mentioned example, the core resource is the seawater or fish and that is the stock variable. There is limited fish available that is the flow variable.
- The core resource the sea would have to be nurtured in order for it to be exploited for fish which are eaten by us.
To Learn More...
1.‘The negative competition to finish off the common pool resource is the real contemporary
challenge’.Give Example.
https://brainly.in/question/16920981
2.Water is common pool resource or not.If not say the reasons
https://brainly.in/question/1200452
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