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Tragedy of the Commons
Individuals acting independetly and rationally according to each’s self interest behave contrary to the best interests of the whole group by depleting some common resource.
The Grand Banks Cod
Cod harvest was abundant in the Grand Banks of Canada until collapse in the 1990s due to overfishing; an example of the tragedy of the commons.
Easter Island
An island in the Pacific Ocean once abundant with trees which were depleted by it’s inhabitants; an example of the tragedy of the commons.
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