Tragedy of the Commons 5.1

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4 Terms

1
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Common

An area used by all but regulated by none

2
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Tragedy of the Commons

Individuals will use shared resources in their own self-interest rather than keeping with the common good, depletion of resources.

3
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Sustainable use fo the commons

  • Identification of sustainable yields

  • Regulated use/replenish after use

  • Enforcement

  • Consequences

  • Privatization of the common

4
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Depletion

Reduction in the number or quantity of something