The tragedy of the commons illustrates how the unregulated pursuit of individual self-interest produces collective loss rather than common benefits in the long run.

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The tragedy of the commons is a concept in economics that highlights the negative effects of unregulated self-interest on the use and distribution of shared resources. When individuals pursue their own interests at the expense of the overall good, it can lead to resource depletion, environmental degradation, and economic inefficiencies. Therefore, the tragedy of the commons supports the idea that collective action and regulation are necessary to achieve common benefits and sustainable outcomes.

The Tragedy of the Commons Illustrates How the Unregulated Pursuit