`economy-and-environment` Related Article Results

The Tragedy of the Commons is a concept that explains how individuals, acting rationally in their own self-interest, deplete or severely degrade shared resources—known as common-pool resources—that are open to all, difficult to exclude users from, and subject to competition in consumption. This situation emerges as a social dilemma in which individual rationality leads to collective ruin. Overuse of the resource occurs because each user believes their own action has a negligible impact on the to