5.1 The Tragedy of the Commons

Question 1

Tragedy of the Commons

Answer 1

The Tragedy of the Commons refers to a situation where individuals, acting independently and rationally, deplete or degrade a shared resource, leading to its eventual destruction. It highlights the conflict between individual self-interest and the common good.

Question 2

Overfishing

Answer 2

Overfishing refers to the excessive harvesting of fish from a body of water, depleting the population to unsustainable levels and disrupting the ecosystem.

Question 3

Environmental Damage

Answer 3

Environmental damage refers to the negative impact on the natural environment caused by human activities, such as pollution, deforestation, and habitat destruction. It disrupts ecosystems, threatens biodiversity, and can have long-lasting effects on the planet.

Question 4

Privatization

Answer 4

Privatization is the transfer of ownership or control of a public service or industry from the government to private entities. It involves shifting responsibility for managing and operating services like water supply, waste management, or energy production to profit-driven companies.