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The example of a common property resource is
  • a)
    community land
  • b)
    individual building
  • c)
    both (a) and (b)
  • d)
    None of these
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
The example of a common property resource isa)community landb)individu...
The use of the term "common property resource" to designate a type of good has been criticised because standard property protocols do not necessarily govern common-pool resources. Examples of common-pool resources include irrigation systems, fishing grounds, pastures, forests, water, or the atmosphere.
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Most Upvoted Answer
The example of a common property resource isa)community landb)individu...
Common Property Resource: Community Land

Introduction:
A common property resource (CPR) is a resource that is shared and managed by a group of people rather than by an individual or a government. Community land is an example of a common property resource.

Definition:
Community land refers to land that is owned and managed by a community rather than by an individual or a government. It is a common property resource because it is shared by the members of the community and managed collectively.

Features of community land as a common property resource:
1. Shared ownership: Community land is owned by the members of the community collectively. No individual member has exclusive ownership of the land.

2. Collective management: The members of the community manage the land collectively. They make decisions about how the land should be used, and they share the benefits and costs of using the land.

3. Sustainable use: Community land is managed in a way that ensures its long-term sustainability. The members of the community use the land in a way that preserves its natural resources and prevents overuse or depletion.

4. Equitable distribution of benefits: The benefits of using community land are shared among the members of the community in an equitable way. No one member should be able to monopolize the benefits of using the land.

Conclusion:
Community land is an important example of a common property resource. It is a shared resource that is owned and managed by a community rather than by an individual or a government. The sustainable use and equitable distribution of benefits are important features of community land as a common property resource.
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Community Answer
The example of a common property resource isa)community landb)individu...
Common property refers to property owned by more than one entity. Because of this shared ownership, an individual party's degree of control over common property is less than it would be if they owned that property alone.
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The example of a common property resource isa)community landb)individual buildingc)both (a) and (b)d)None of theseCorrect answer is option 'A'. Can you explain this answer?
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