11. Aquaculture is the growing of fish, shrimp, and other marine species in enclosed cages or ponds.

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11. Aquaculture is the growing of fish, shrimp, and other marine species in enclosed cages or ponds. The cages and ponds not only keep the creatures from swimming away but also provide aquaculturalists with strong property rights over their animals.

Does this provide a good incentive for low-cost production as compared with fishing in the open seas where there are few if any property rights? [LO19B.4]

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Microeconomics

ISBN: 9781108420969

15th Canadian Edition

Authors: Campbell R. Mcconnell, Stanley L. Brue, Sean M. Flynn, Thomas P. Barbiero

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