The tragedy of commons occurs when a resource owned by a developing country is overused by multinational corporations,resulting in its degradation.

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The atmosphere and oceans can be viewed as a global commons from which everyone benefits but for which no one is specifically responsible.In such cases,a phenomenon known as the tragedy of the commons becomes applicable.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.

The Tragedy of Commons Occurs When a Resource Owned by a Developing