A resource that is publicly owned and allocated under a system of unrestricted access is known as
A)a socialist resource.
B)a collective resource.
C)a common property resource.
D) a transferable resource.

Question

Quizplus · Accepted Answer

A resource that is publicly owned and allocated under a system of unrestricted access is known as a common property resource. Such resources include forests, grazing lands, fisheries, and water bodies. The use of these resources is regulated by customary laws or government policies to ensure sustainable use and prevent overexploitation. Common property resources are different from collective resources, which are owned by a group of individuals, and transferable resources, which can be bought and sold in the market.

A Resource That Is Publicly Owned and Allocated Under a System