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6 Examples of a Common Good

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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.

Wildlife

Wildlife such as the fish in the ocean. Historically, a large number of species have gone extinct due to overhunting.

Air

Using air for combustion.

Atmosphere

Using the atmosphere to get rid of waste products. For example, garbage incineration and exhaust from factories and vehicles.

Water

Consumption of freshwater and pollution of water systems such as agricultural runoff or industrial effluents.

Land

Land based resources such as fertile soil and mineral deposits.

Ecosystems

Ecosystems 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.
Overview: Common Goods
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

This is the complete list of articles we have written about goods.
Brown Goods
Business Goods
Capital Goods
Club Goods
Commodities
Common Goods
Common Resources
Complementary Goods
Consumer Discretionary
Consumer Durables
Consumer Goods
Consumer Products
Consumer Staples
Digital Goods
Durable Goods
Economic Goods
Experience Goods
Fashion Goods
Final Goods
Finished Goods
FMCG
Goods & Services
Inferior Good
Information Good
Intangible Goods
Intermediate Goods
Knowledge Product
Luxury Goods
Market Goods
Merit Good
Natural Resources
Necessity Goods
Perfect Substitute
Public Goods
Search Good
Social Goods
Soft Goods
Sporting Goods
Substitute Good
Superior Goods
Supplies
Unsought Goods
Veblen Goods
Virtual Goods
White Goods
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Goods

The common types of goods.

Substitute Good

The definition of substitute good with examples.

Economic Bad

Common examples of an economic bad.

Necessity Goods

The definition of necessity goods with examples.

Information Good

The definition of information good with examples.

Knowledge Product

The definition of knowledge product with examples.

Merit Goods

The definition of merit good with examples.

Intangible Goods

The definition of intangible good with examples.

Consumerization

The definition of consumerization with examples.

Existential Risk

An overview of existential risk.

Precautionary Principle

An overview of the precautionary principle.

Comparative Risk

A definition of comparative risk with examples.

Energy Efficiency

The common types of energy efficiency.

External Stakeholders

The definition of external stakeholder with examples.

Win-Lose

The definition of win-lose with examples.

Climate Engineering

An overview of climate engineering.

Soil Carbon

Why carbon soil is important.
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