Filter by Categories
Accounting
Banking

Business




Common Asset


An asset that is not created by a person or an entity, but by the universe’s creator (the Almighty). A common asset does not belong to a particular person, a group of persons, or a country, but to the human kind, everywhere, and across the ages. It is naturally created and developed without the intervention of human beings.

Examples of common assets are minerals, metals, fossil fuels, woods, and other types of natural resources and endowments. Other forms of such assets include the ozone, the atmosphere (particularly its protective and waste absorption capacity), the sunlight, etc. Common assets also include assets that are collectively created to the benefit and use of the common (or the so-called socially created assets). These assets include markets (e.g., the stock market), the internet, and the monetary system.

Common assets, though free of charge and widely accessible, are extremely necessary for all people and societies on the planet.



ABC
This section includes entries relevant to management, leadership, motivation, human resources, information technology, sales and marketing and so on. It ...
Watch on Youtube
Remember to read our privacy policy before submission of your comments or any suggestions. Please keep comments relevant, respectful, and as much concise as possible. By commenting you are required to follow our community guidelines.

Comments


    Leave Your Comment

    Your email address will not be published.*