Fish stocks in the context of "Public goods"

In economics, a public good (also referred to as a social good or collective good) is a commodity, product or service that is both non-excludable and non-rivalrous and which is typically provided by a government and paid for through taxation. Use by one person neither prevents access by other people, nor does it reduce availability to others, so the good can be used simultaneously by more than one person. This is in contrast to a common good, such as wild fish stocks in the ocean, which is non-excludable but rivalrous to a certain degree. If too many fish were harvested, the stocks would deplete, limiting the access of fish for others. A public good must be valuable to more than one user, otherwise, its simultaneous availability to more than one person would be economically irrelevant.

Capital goods may be used to produce public goods or services that are "...typically provided on a large scale to many consumers." Similarly, using capital goods to produce public goods may result in the creation of new capital goods. In some cases, public goods or services are considered "...insufficiently profitable to be provided by the private sector.... (and), in the absence of government provision, these goods or services would be produced in relatively small quantities or, perhaps, not at all."

Overexploitation, also called overharvesting or ecological overshoot, refers to harvesting a renewable resource to the point of diminishing returns. Continued overexploitation can lead to the destruction of the resource, as it will be unable to replenish itself. The term applies to various natural resources such as water aquifers, grazing pastures and forests, wild medicinal plants, fish stocks, and other wildlife.

In ecology, overexploitation describes one of the five main activities threatening global biodiversity. Ecologists use the term to describe populations that are harvested at an unsustainable rate, given their natural rates of mortality and capacities for reproduction. Such practices can result in extinction at the population level and even extinction of whole species. In conservation biology, the term is usually used in the context of human economic activity that involves the taking of biological resources, or organisms, in larger numbers than their populations can withstand. The term is also used and defined somewhat differently in fisheries, hydrology, and natural resource management.

Fish farming or pisciculture involves commercial breeding of fish, most often for food, in fish tanks or artificial enclosures such as fish ponds. It is a particular type of aquaculture, which is the controlled cultivation and harvesting of aquatic animals such as fish, crustaceans, molluscs and so on, in natural or pseudo-natural environments. A facility that releases juvenile fish into the wild for recreational fishing or to supplement a species' natural numbers is generally referred to as a fish hatchery. Worldwide, the most important fish species produced in fish farming are carp, catfish, salmon and tilapia.

Global demand is increasing for dietary fish protein, which has resulted in widespread overfishing in wild fisheries, resulting in significant decrease in fish stocks and even complete depletion in some regions. Fish farming allows establishment of artificial fish colonies that are provided with sufficient feeding, protection from natural predators and competitive threats, access to veterinarian service, and easier harvesting when needed, while being separate from and thus do not usually impact the sustainable yields of wild fish populations. While fish farming is practised worldwide, China alone provides 62% of the world's farmed fish production. As of 2016, more than 50% of seafood was produced by aquaculture. In the last three decades, aquaculture has been the main driver of the increase in fisheries and aquaculture production, with an average growth of 5.3 percent per year between 2000 and 2018, rising from 32.4 to 82.1 million tonnes.

Overfishing is the removal of aquatic animals — primarily fish — from a body of water at a rate greater than that the species can replenish its population naturally (i.e. the overexploitation of the fishery's existing fish stocks), resulting in the species becoming increasingly underpopulated in that area. Excessive fishing practices can occur in water bodies of any sizes, from ponds, wetlands, rivers, lakes to seas and oceans, and can result in resource depletion, reduced biological growth rates and low biomass levels. Sustained overfishing, especially industrial-scale commercial fishing, can lead to critical depensation, where the fish population is no longer able to sustain itself, resulting in extirpation or even extinction of species. Some forms of overfishing, such as the overfishing of sharks, has led to the upset of entire marine ecosystems. Types of overfishing include growth overfishing, recruitment overfishing, and ecosystem overfishing. Overfishing not only causes negative impacts on biodiversity and ecosystem functioning, but also reduces fish production, which subsequently leads to negative social and economic consequences.

The ability of a fishery to recover from overfishing depends on whether its overall carrying capacity and the variety of ecological conditions are suitable for the recovery. Dramatic changes in species composition can result in an ecosystem shift, where other equilibrium energy flows involve species compositions different from those that had been present before the depletion of the original fish stock. For example, once trout have been overfished, carp might exploit the change in competitive equilibria and take over in a way that makes it impossible for the trout to re-establish a breeding population.

Electrofishing is a fishing technique that uses direct current electricity flowing between a submerged cathode and anode. This affects the movements of nearby fish so that they swim toward the anode, where they can be caught or stunned.

Electrofishing is a common scientific survey method used to sample fish populations to determine abundance, population density and species composition. When performed correctly, electrofishing results in no permanent harm to the fish, which return to their natural mobility state in as little as two minutes after being caught.

In population dynamics, depensation is the effect on a population (such as a fish stock) whereby, due to certain causes, a decrease in the breeding population (mature individuals) leads to reduced production and survival of eggs or offspring. The causes may include predation levels rising per offspring (given the same level of overall predator pressure) and the Allee effect, particularly the reduced likelihood of finding a mate.