Home > Terms > English, UK (UE) > The tragedy of the Commons
The tragedy of the Commons
Shared resource will benefit their biggest, even though they know it is not acting in the best interests of society as a whole of individuals dried up. Is derived from the prisoner's dilemma. It was first discussed by Garrett · Hardin in 1968, although people have known this in some form since ancient Greece people.
example global warming Act-individual countries of their most economically advantageous way, even if their behavior causes environment is everyone poorer.
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- Part of Speech: noun
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- Industry/Domain: Economy
- Category: International economics
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