The tragedy of the commons occurs where property rights are lacking.
In economics, the tragedy of the commons is the situation in which individual users, who have free access to resources, are not bound by shared social structures or rules. officially govern access and use, acting independently in their own interest and contrary to general principles. common interests of all users, causing resource depletion due to their uncoordinated actions.
The concept originated in an essay written in 1833 by the British economist William Forster Lloyd, who used a hypothetical example of the impact of unregulated grazing on the region. common land in Great Britain and Ireland.
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Answer:
Many worked in the fields.
Most worked on large plantations.
They spent most of their time working.
Some worked as servants in homes.
Explanation:
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The correct answer c my peeps
Command economy is a system, where the centralized government determines economic components, such as what to produce, how much to produce and under what price to produce. It is an example of communist economies. Free market does not have an importance in this type of economy. Since central government is a sole competitor in command economy, <em>there would be no place for</em> limited private ventures.
