The tragedy of the commons in fourteenth-century England was overcome by the common lands being enclosed and privatized.
Step-by-step explanation:
The Commons tragedy refers to a popular economic narrative that explains why common assets appear to be overused from a social point of view. The story-line is focused on the premise that each person tries to get as much profit as possible from the available resource. As per the question, the land available for grazing was limited and solution can be opted through enforcing regulations, auctioning out a limited number of licenses, or transforming the common good into a private good.
