Question

Often, the efforts to improve life destroy the environment on which life depends, in a process known as __________.

Answer 1

Answer:

The tragedy of the commons

What is meant by 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.
• This economic theory was first conceptualized in 1833 by British writer William Forster Lloyd.

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