FORESTRY
GENERAL FORESTRY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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the general idiocy of the average human
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The failure to create a sense of shared responsibility
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the prevalence of extreme poverty in the developing world
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destruction of shared resources through self-serving behavior
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Detailed explanation-1: -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. This economic theory was first conceptualized in 1833 by British writer William Forster Lloyd.
Detailed explanation-2: -The tragedy of the commons is a problem in economics that occurs when individuals neglect the well-being of society in the pursuit of personal gain. This leads to over-consumption and ultimately depletion of the common resource, to everybody’s detriment.
Detailed explanation-3: -First posited in 1968 by American ecologist Garret Hardin, the Tragedy of the Commons describes a situation where shared environmental resources are overused and exploited, and eventually depleted, posing risks to everyone involved.
Detailed explanation-4: -Depletion of natural resources: When common resources are consumed with an eye towards short-term gain, the result can be a tragedy of the commons. For instance, when water is drawn from an aquifer faster than it refills, the immediate gains are undercut by the long-term danger of drought.