Asked by aimee parker on May 05, 2024
Verified
Common property resources tend to be:
A) overused.
B) underused.
C) not used at all.
D) efficiently used.
E) used by the government only.
Common Property
A type of good that is non-excludable and rivalrous, meaning it is accessible to all but can be depleted through use.
Overused
Refers to the excessive use of a resource or item to the point where it diminishes its value or leads to its degradation.
- Acquire knowledge of the core principles behind common property resources and the challenges faced in their efficient administration.
Verified Answer
ME
Meaghan ElizabethMay 12, 2024
Final Answer :
A
Explanation :
Common property resources, such as forests, water bodies or fisheries, are often considered as a free good that can be used by anyone. As a result, people tend to use them excessively, leading to depletion or degradation of the resource. This situation is known as 'tragedy of the commons'. Hence, overuse is the most common problem associated with common property resources.
Learning Objectives
- Acquire knowledge of the core principles behind common property resources and the challenges faced in their efficient administration.