Examlex
Which term describes a characteristic of public opinion in which political preferences remain very stable over time?
Individual Transferable Quota (ITQ)
A policy tool used in fisheries management, allowing fishing rights to be allocated to individuals or entities, which can then be traded.
Market Price
The market price is the current price at which a good or service can be bought or sold in a marketplace.
Tragedy of the Commons
The tragedy of the commons describes a situation in which individual users, acting independently according to their own self-interest, deplete or spoil shared resources, even as it is clear that it is not in anyone's long-term interest for this to happen.
Property Rights
Legal rights to possess, use, and dispose of land, buildings, or goods owned by an individual or entity.
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