Environment & Ecology · Environmental Ecology
What does the term 'tragedy of the commons' refer to in environmental economics and studies?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The loss of biodiversity in private nature reserves.
- 2The overuse and degradation of shared, unregulated resources due to individual self-interest.✓
- 3Economic losses suffered by industries due to strict environment laws.
- 4The extinction of common species due to natural pandemics.
Correct answer
The overuse and degradation of shared, unregulated resources due to individual self-interest.
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