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Is cod doomed?

The economics of commercial fishing

Perhaps you enjoy cod and chips from the fish shop? But what you may not realise is that cod has faced extinction in recent years. In this article Alvin Birdi explores why this has happened and what can be done to ensure healthy fish stocks in the future.

You can find answers to the questions in this article at www.hoddereducation.co.uk/economicreviewextras

externality, discount rate, common property resource, maximum sustainable yield, renewable resource, profit, production, incentives

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Previous

Elinor Ostrom: a distinguished political scientist

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Teaching economics

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