3 ms·
In economics there is a distinction between private goods, public goods, club goods, and common resources. The view from the tower would be a common resource. T
by iudqnolq 7y ago
In economics there is a distinction between private goods, public goods, club goods, and common resources. The view from the tower would be a common resource. The canonical example is a village commons where everyone could graze their sheep, as long as no one abused the grazing area.