The tragedy of the commons occurs when a resource held in common by all, but owned by no one, is overused by individuals, resulting in its degradation.

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The tragedy of the commons refers to the situation where a shared resource is exploited and depleted due to individual self-interest, without any consideration for the greater good. This can lead to environmental problems such as overfishing, deforestation, and pollution. The solution often requires some form of regulation or management to ensure sustainable use of the resource.

The Tragedy of the Commons Occurs When a Resource Held