Over the past few years, three new factories have been built near Pleasantown. A four-acre area of land lies between these three factories and since no one "owns" this land, all three factories are using it as a landfill to dump waste products. The once-beautiful land is now encased in garbage. What phenomenon does this portray?

Question

Quizplus · Accepted Answer

This scenario illustrates the "tragedy of the commons," where individuals or entities use a shared resource for their own benefit without considering the negative impact on the community, leading to the depletion or degradation of that resource.

Over the Past Few Years, Three New Factories Have Been