What particular characteristic do public goods and common resources have in common?

Public Goods

Non-excludable and non-rivalrous products or services that are accessible to all members of a society, such as public parks or national defense.

Common Resources

Goods that are non-excludable and rivalrous, where usage by one person diminishes others' ability to use them, often leading to overuse.

Understand the fundamental characteristics that define public goods and common resources.

Verified Answer

Final Answer :

Public goods and common resources are both nonexcludable; that is, people cannot be prevented from using these goods.

Learning Objectives

Understand the fundamental characteristics that define public goods and common resources.