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Definition of Tragedy of the commons
1. Noun. (economics politics social criticism) A situation or type of situation in which a shared resource that has no owner (such as the atmosphere or an ocean) is used in an unmanaged way by a number of participants, resulting in the unintended ruin or total consumption of that resource; the theory that situations of this type are a serious social problem. ¹
¹ Source: wiktionary.com
Lexicographical Neighbors of Tragedy Of The Commons
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