Resource+regime3

=**Resource Regime**=

The social, political, and economical management of resources so as to maintain natural capital consisting of open access, common property, private property and state ownership.Open-access resources are those that can be accessed by anyone at any time without restraint. When the resource is abundant relative to the demand for it, an open-access regime may not only be unproblematic, it may actually be the best management regime since it involves so littleoversight.However when the resource is scarce, open-access resources may be subject to excessive use. Since the user's claim over the resource is only established by [|"the rule of capture"], users have an incentive to harvest as much as they can as rapidly as they can. Instead of more conservative behavior preserving the resource in this circumstance, it could simply lead to resource degradation as other users simply increase their share.Open-access resources should be distinguished from common-property resources. Common-property resources may allow many users to share the resource, but they may also do so in a way that restricts access (either formally or informally) to levels that provide [|sustainability]. A resource under a private property regime makes profit the sole purpose of harvesting the resource. The resource may possibly be set at a price preventing a particular class of consumer from affording the product thereby making it exclusive.State ownership refers to the control of any asset, industry or enterprise at any level, national,regional or municipal.