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You are here: Home / Potpourri / Economics 101: Common Goods

Economics 101: Common Goods

Economics 101: Common Goods

[This is part of the series: The Complete Guide To Economics 101.]

As referred to in economics, what are common goods?

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

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.

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Filed Under: PotpourriTagged With: #Economics101

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