Goods where, by nature or design, exclusion is impractical or impossible, but use or enjoyment can potentially exhaust the good

Question

vodka [1.7K]

3 years ago

6

Goods where, by nature or design, exclusion is impractical or impossible, but use or enjoyment can potentially exhaust the good

are called:

Business

1 answer:

fiasKO [112] · Answer 1 · 2022-03-04T17:00:21+03:00

Goods where, by nature or design, exclusion is impractical or impossible, but use or enjoyment can potentially exhaust the good are called common-pool goods/resources.

Some examples of common-pool resources are forests, rivers, fishing areas (manmade or nature made). Common-pool goods refers to goods that are available to a group of people and not just an individual.