Papereconomics - Study guides, Class notes & Summaries

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IB SL/HL Economics Paper 1: 'Referring to the difference between common access resources and recourses purchased by firms, explain why common access resources pose a threat to sustainability.' IB SL/HL Economics Paper 1: 'Referring to the difference between common access resources and recourses purchased by firms, explain why common access resources pose a threat to sustainability.'
  • IB SL/HL Economics Paper 1: 'Referring to the difference between common access resources and recourses purchased by firms, explain why common access resources pose a threat to sustainability.'

  • Essay • 1 pages • 2018
  • This document contains a detailed essay taken from a past IB Economics Paper 1 Question: 'Referring to the difference between common access resources and recourses purchased by firms, explain why common access resources pose a threat to sustainability.' This essay explains the difference between private resources and common access resources with examples, and explains the meaning of market failure in CARs.
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