Explore: Common Goods

Public Goods, Private Goods, Common Resources, and Club Goods. These four types plus examples for anti-rivalry appear in the accompanying table. Goods that

Common goods (also called common-pool resources) are defined in economics as goods that are rivalrous and non-excludable. Thus, they constitute one of

impose top-down unity; for Aristotle, a common good is synthesized upwardly/teleologically from the lesser goods of individuals, and their various kinds

1787/4b366396-en. ISSN 2708-0676. S2CID 240621499. "Common Goods and Public Goods", Global Ethics and Global Common Goods, Bloomsbury Academic, 2015, doi:10.5040/9781474240062

Unlike pure public goods, common pool resources face problems of congestion or overuse, because they are subtractable. A common-pool resource typically

discussions on a Value Added Tax (VAT) at the state level. A single common "Goods and Services Tax (GST)" was proposed and given a go-ahead in 1999 during

have since tried to follow their example of community of goods and common ownership. Common ownership is practiced by some Christian groups, such as the

Smith realized while the market is able to allocate private goods efficiently for most goods, it fails to do so in some environmental circumstances. It

in the subsequent period. Politicians may be incentivized to provide common goods as a means of accountability.[clarification needed] The ability of voters

security, common languages, law enforcement, broadcast radio, flood control systems, aids to navigation, and street lighting. Collective goods that are