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A common good is a good that is rivalrous and non-excludable. This means that it has limited abundance and it is difficult to stop people from using as much as they want. This tends to be a tragic type of good as people can only prevent its depletion and degradation by cooperating. The following are illustrative examples.
WildlifeWildlife such as the fish in the ocean. Historically, a large number of species have gone extinct due to overhunting.AirUsing air for combustion.AtmosphereUsing the atmosphere to get rid of waste products. For example, garbage incineration and exhaust from factories and vehicles.WaterConsumption of freshwater and pollution of water systems such as agricultural runoff or industrial effluents.
LandLand based resources such as fertile soil and mineral deposits.EcosystemsEcosystems such as a coral reef or forest. For example, a forest may be used for wood or slashed and burned to create space for agriculture.|
| Type | | | Definition (1) | A good that is rivalrous and non-excludable. | | Definition (2) | A good that has limited abundance that is difficult to stop people from using in unlimited quantities. | | Related Concepts | |
Goods
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