Are common resources excludable? Are they rival in consumption?

Common Resources

Natural or man-made resources that are not excludable but are rival in consumption, such as fish in the sea or public parks.

Excludable

A characteristic of a good or service that means it can be prevented from being used by people who have not paid for it.

Assess goods and services based on their excludability and rivalry in consumption.

Verified Answer

Final Answer :

No, common resources are not excludable. Yes, they are rival in consumption.

Learning Objectives

Assess goods and services based on their excludability and rivalry in consumption.