Monday, June 1, 2009

Resource economics

Fishery resources are common property resources and hence basic principles of economics are not applicable.
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2 comments:

  1. mnvenuJune 1, 2009 at 3:56 AM

    Why basic principles of economics are not applicable. Article incomplete.

    ReplyDelete
  2. RamachandraJune 1, 2009 at 3:59 AM

    Because markets works efficently only with perfect private property rights

    ReplyDelete

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