What is the Tragedy of the Commons? | WITH EXAMPLES | Think Econ
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What is the Tragedy of the Commons? | WITH EXAMPLES | Think Econ
In this video, we explore one of the most important concepts in environmental science and economics: the Tragedy of the Commons. Coined by ecologist Garrett Hardin in 1968, this term describes a situation where individual users, acting in their own self-interest, deplete or spoil shared resources, even though it's not in anyone's long-term ...
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