B
Explanation:
Developed in the 20th century as people began to live longer and have fewer children
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: Industrial Revolution
Explanation:
In the 1800's, Industrial Revolution became the transition to a new manufacturing process. This occurred between 1760 and 1840. Previously, activities were done majorly by hand production until this revolution came. It changed the industry and made it easier to carry out production.
A giffen good is a good whose demand rises when the price rises, which is opposite to the laws of demand because the laws of demand state that a rise in price will result in a reduction of demand. An example can be a staple food like bread. If the price of bread rises, people will buy it more because they'll have to cut back on other more expensive things, of course this applies in theory.
