This term, which is now a common pattern identified in economics and systems thinking, originally referred to cattle pastures in the 17th century.
A)Externality
B)Ethical Dilemma
C)Tragedy of the Commons
D)Impartial Visibility

Question

Quizplus · Accepted Answer

The Tragedy of the Commons refers to a situation where individuals, acting in their own self-interest, use a shared resource (such as a pasture or fishery) in an unsustainable way, ultimately leading to depletion or destruction of the resource. This term originated from the observation of overgrazing in common pastures in 17th century England.

This Term, Which Is Now a Common Pattern Identified in Economics