Verified Solution General Awareness & Teaching Aptitude Environmental Awareness

The term "Tragedy of the Commons" refers to:

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Solution ✔ Verified
  • AThe overexploitation of shared resources by individuals acting in their self-interest.
  • BThe widespread adoption of sustainable farming practices in communal lands.
  • CThe economic collapse of a community due to lack of shared resources.
  • DThe successful collective management of common pool resources.
Explanation

The "Tragedy of the Commons" describes a situation where individuals, acting independently and rationally according to their own self-interest, deplete a shared limited resource, even when it is not in anyone's long-term interest.

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