Tragedy of the Commons Flashcards

5.1

1
Q

What is Tragedy of the Commons

A

People will share public resources for their own selfish interest which degrades the product

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2
Q

Why does it happen

A
  • no one directly suffers the conquesnces
  • No penalty
  • If I don’t use it others will overuse it
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3
Q

Forms of Tragedy of the Commons

A

overgrazing
Overfishing
water & air pollution
overuse of ground water
Transportation
Soil pollution

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4
Q

How to solve TOC

A

Private land ownership
Fees or taxes use
taxes, fines, criminal charges

ex clean air act, clean water act, safe water drinking, BLM ( Bureau of Land Management)

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