Question

Throughout the world countries are dumping their garbage in the oceans. This dumping has affected the fish and other aquatic organisms of the oceans. Many fishing industries have collapsed due to this extensive dumping. Which theory explains this scenario?

Answer 1

The theory that explains this scenario is the tragedy of the commons theory.

What is the tragedy of the common theory?

It is an economic theory that explains how individual gains create a general problem in society at large.

When individuals pursue personal gains even at the expense of creating a general problem in society, it results in the tragedy of the common.

Indiscriminate dumping of garbage in the ocean by countries results in a general problem that affects the entire world vis a vis the collapse of many fishing industries.

Fishes represent a source of protein for man all over the world.

More on the tragedy of the commons can be found here: brainly.com/question/9680058

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