Question

In 1968, Garret Hardin described an environmental problem in which shared environmental resources may be depleted as individuals maximize their gains by disproportionately using the resource. He called this the tragedy of the commons. Which of the following describes a "tragedy of the commons?"

Answer 1

This environmental problem described by Garret Hardin raises important questions about the use of depleted natural resources. The tragedy of the commons occurs when an individual or company uses a natural resource for their own profitable interest only, even if the disorderly use of that resource ends up depleting it and harming society as a whole.