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foreign [Music] hi everyone so this video is basically everything you need to know about common pool resources ing to the IB economic service so the focus of this video will be on common pool resources what are they common pool resources are natural resources that are non-excludable but rivalous what does non-excludable mean non-excludable means its very difficult to exclude someone from benefiting from the resource rivalrous means one persons use or consumption of the resource actually leaves less for everybody else the combination of those two characteristics non-excludability and rivalry leads to an unsustainable overuse or depletion of the resource this unsustainable overuse the term thats often used to describe it is a tragedy of the commons so lets have a look at examples of cprs and the corresponding tragedy of the commons if you look at fish stock in the oceans fish stock in the worlds oceans is often prone to overfishing so the corresponding tragedy is of is overfishing a
