Please enable JavaScript.
Coggle requires JavaScript to display documents.
Public Goods and Common Resources (Common Resources (Examples of Common…
Public Goods and Common Resources
Common Resources
Characteristics
Common resources are not excludable.
They are rival in consumption.
Examples of Common Resources.
Congested nontoll roads
irrigation systems
The environment
Pastures
Fish in the ocean.
Public Goods
Characteristics
They are non rivalry in consumption.
They are non excludable.
Examples of Public Goods.
National Defense
Fresh Air
Streetlights
Tornado Siren
Uncongested nontoll roads