Common Property Resources (CPR) are natural resources like forests, pastures, water bodies, fisheries, and grazing lands that are owned and managed collectively by a community rather than individuals or the government. They are crucial for sustaining rural livelihoods, supporting biodiversity, and ensuring equitable resource distribution. Overexploitation due to lack of clear ownership can lead to resource depletion. Proper community-based management and government policies help in preserving these resources for sustainable development and long-term ecological balance.