When a resource that is held in common but owned by no one is overused by individuals,it is known as _________.

Question

Quizplus · Accepted Answer

The tragedy of the commons refers to the phenomenon where a commonly held resource, such as a pasture or fishery, is overused by individuals who are focused on their own self-interest, ultimately resulting in depletion or destruction of the resource. This concept was introduced by ecologist Garrett Hardin in 1968. The other options do not accurately describe this situation.

When a Resource That Is Held in Common but Owned