Question : Common property resources are characterized by:
Option 1: Private ownership and individual management
Option 2: Open access with no rules or regulations
Option 3: Collective management by a community or group
Option 4: Government control and centralization
Answer (1)
17th Jan, 2024
Correct Answer: Collective management by a community or group
Solution : Common property resources are characterized by collective management by a community or group, with rules and norms established to ensure sustainable use and equitable access.
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