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Economics 101: Common Goods | SterlingTerrell.net

Economics 101: Common Goods

As referred to in economics, what are common goods?

Common Goods are goods, or services, that are rival, but are not excudable.

An example?

Fish in the ocean is one of the most common used.

Fish caught by one cannot be used by another.

But it is hard to prevent others from fishing common waters.