When individual fishing boats harvest more fish each year in order to maximize profits while,as a result,threatening the fish population with extinction,it is called:

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The scenario described is an example of the tragedy of the commons, which refers to a situation where individuals acting in their own self-interest exploit a shared resource (in this case, fish), leading to depletion or degradation of the resource. This can occur because each fisherman perceives that their small contribution to overfishing is inconsequential when compared to the overall catch of all fishermen. Ultimately, however, the collective impact of all the individual actions leads to negative consequences for everyone (including the fishermen themselves).

When Individual Fishing Boats Harvest More Fish Each Year in Order