What is the tragedy of the commons essay about?
Accordingly, what is the tragedy of the commons simple definition?
The tragedy of the commons is a situation in a shared-resource system where individual users, acting independently according to their own self-interest, behave contrary to the common good of all users by depleting or spoiling the shared resource through their collective action.
Secondly, how do you deal with the tragedy of the commons? There are three ways of dealing with a tragedy of the commons problem: call to conscience, coercion, and privatization. Each of these three approaches has its own set of strengths and weaknesses.
Beside above, what is the tragedy of the commons examples?
Solutions to the tragedy of the commons include the imposition of private property rights, government regulation, or the development of a collective action arrangement. Historical examples of tragedies of the commons include the collapse of the North Atlantic Cod fisheries and the extinction of the dodo bird.
What is tragedy of the commons PDF?
The tragedy of the commons states that individuals acting independently and rationally according to each's self-interest behave contrary to the best interests of the whole group by depleting some common resource. The concept is always discussed and applied in natural resources management and planning.