Define the Tragedy of the Commons

question 70

Essay

Define the tragedy of the commons.Give three examples of common resources.Briefly explain why common property resources are subject to overuse.

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Definitions:

Enclosure

The historical process in England of consolidating (enclosing) small landholdings into larger farms since the 13th century, which led to significant social and economic changes, primarily displacing peasant farmers.

Common Lands

Areas of land open for communal use, typically for grazing livestock, collecting firewood, or other resources, managed by local communities.

Landowners

Individuals or entities that possess legal ownership of land or property, often exercising significant social, economic, or political power.

Trading Centers

Locations known for being hubs of commercial exchange, where goods, services, and currencies are traded extensively.