Collectively owned resources are known as
A)ITQs.
B)tradable pollution rights.
C)common property resources.
D)cap and trade systems.

Question

Quizplus · Accepted Answer

Common property resources are resources that are collectively owned by a group or community, such as forests, fisheries, or grazing lands. Unlike private property, which is owned by an individual or entity, common property resources are shared and access is often open to all members of the community. This can lead to issues of overuse, depletion, and degradation, and requires careful management and regulation to ensure sustainability. ITQs, tradable pollution rights, and cap and trade systems are all examples of market-based approaches to environmental management and do not necessarily involve collective ownership.

Collectively Owned Resources Are Known as