The lack of property rights that leads to the overuse of natural resources is known as:

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The tragedy of the commons refers to the situation where a commonly owned property, such as a natural resource, is overused and depleted due to the absence of property rights and the inability to enforce regulations. This leads to a situation where individuals act in their self-interest to maximize their own benefits, even if it is detrimental to society as a whole.

The Lack of Property Rights That Leads to the Overuse