Small businesses often face a variety of problems related to their size. A frequent cause of bankruptcy is undercapitalization. This is often a result of poor planning rather than economic conditions. It is a common rule of thumb that the entrepreneur should have access to a sum of money at least equal to the projected revenue for the first year of business in addition to his anticipated expens...

There are two dominant conceptual models of common property resource management: a capitalist model and a socialist model. The capitalist model argues that resources that are held commonly are subject to degradation. Hence, privatization of public resources is the only viable solution to the problem. The socialist model explains that economic poverty caused by inequitable distribution of resour...

The appeal of common property ideas may be traced in large measure to the fact that they seem to embody widely held values of equality. On the other hand, empirical examination of common property institutions reveals that they can coexist with significant inequality. In this paper, the relationship between common property and equality is examined. It is argued that the role of common property c...