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Common Access Resources (Definitions (Common access resources (Examples…
Common Access Resources
Definitions
Negative externalities
Common access resources
Examples
Fishing
Trees
Sand
Mining
Welfare loss
Market failure
MSB, MSC, MPC, MPB
Explain
Market failure
Diagram
Negative externalities of Production
Subsides, Fossil Fuels and Sustainability
definitions
subsidies
sustainability
diagrams
subsidies
explain
what subsidies are and what do they do?
examples
wind
solar
hydro
countries that subsidise the use of alternate resources
tidal energy
stakeholders
government
producers
consumers
society