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APES 202526
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Tragedy of the commons
The tendency of a shared, limited resource to become depleted if it is not regulated in some way.
Externality
The cost or benefit of a good or service that is not included in the purchase price of that good or service or otherwise accounted for.
Rangelands
Dry, open grassland primarily used for grazing cattle.
Forests
Land dominated by trees and other woody vegetation and sometimes used for commercial logging.
Clear-cutting
A method of harvesting trees that involves removing all or almost all of the trees within an area.
Selective cutting
The method of harvesting trees that involves the removal of single trees or a relatively small number of trees from the larger forest.
Ecologically sustainable forestry
An approach to removing trees from forests in ways that do not unduly affect the viability of other noncommercial tree species.
Tree plantations
A large area typically planted with a single fast-growing tree species.
Endangered Species Act
A 1973 U.S. law designed to protect plant and animal species that are threatened with extinction, and the habitats that support those species.