EVERYDAY SCIENCE

Detailed explanation-1: -What Is the Tragedy of the Commons? The tragedy of the commons refers to a situation in which individuals with access to a public resource (also called a common) act in their own interest and, in doing so, ultimately deplete the resource.

Detailed explanation-2: -The Tragedy of the Commons is a story with a general lesson: when one person uses a common resource, he diminishes other people’s enjoyment of it. Because of this negative externality, common resources tend to be used excessively.

Detailed explanation-3: -The tragedy of commons refers to the overuse of unregulated resources.

Detailed explanation-4: -As the human population grows, the Earth and its resources remain constant. As each of us focuses more naturally on personal betterment and gain, common resources become overloaded and dwindle – this is the Tragedy of the Commons.