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Sagot :
The combination of inefficiently high demand and dwindling quality leads to the tragedy of the commons.
This economic theory changed into first conceptualized in 1833 by British writer William Forster Lloyd. The tragedy of the commons refers to a situation wherein individuals with access to a public resource (also known as a not unusual) act of their very own interest and, in doing so, in the long run, deplete the resource.
The tragedy of the commons might also arise whilst a financial desirable is each rivalrous in consumption and non-excludable. These sorts of goods are known as common-pool resource items (in preference to private items, membership goods, or public goods).
The rate at which depletion of the resource is found depends frequently on three elements: the number of users wanting to eat the commonplace in question, the consumptive nature of their uses, and the relative robustness of the common.
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