What are common pool resources and how are they managed sustainably?

Common pool resources are Natural Resources that are shared by a group of people, such as fisheries, forests, or water sources. They are managed sustainably through various methods, such as setting clear rules and regulations for usage, implementing monitoring and enforcement mechanisms, promoting community involvement and cooperation, and using technology and scientific research to inform decision-making. Sustainable management of common pool resources aims to balance the needs of current and future generations while preserving the resource for long-term use.