What is ‘Common Pool Resources’? Explain the major factors that leads to the deterioration of CPRs in India.

A common-pool resource is a hybrid between a public and private good in that is shared (non-rivalrous) but also scarce, having a finite supply. Common-pool resources are subject to the tragedy of the commons, where everybody acting for their own benefit actually over-consumes the resource, depleting it for all. Common-pool resources are common with many environmental goods and can be found in the examples of overfishing, water-management issues, and clean air rights, among many others.

Common-pool resources share essential characteristics with both public and private goods. Like public goods, common-pool resources are non-excludable. However, unlike public goods, common-pool resources are rivalrous in consumption, similar to private goods, or ___ _______ ________ ___ ___ _________ ______.
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