Tragedy of the Commons
Tragedy of the Commons : The term tragedy of the commons was coined by Garrett Hardin who hypothesized in 1968 that, as the size of the human population increased, there would be mounting pressures on resources at the local and global levels, leading to overexploitation and ruin. Partly the tragedy would occur because some "commoners" (or users of common resources) would reap the full benefit of a particular course of action while incurring only a small cost, while others would have to share the cost but receive none of the benefits
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