Tragedy of the Commons Flashcards
5.1
1
Q
What is Tragedy of the Commons
A
People will share public resources for their own selfish interest which degrades the product
2
Q
Why does it happen
A
- no one directly suffers the conquesnces
- No penalty
- If I don’t use it others will overuse it
3
Q
Forms of Tragedy of the Commons
A
overgrazing
Overfishing
water & air pollution
overuse of ground water
Transportation
Soil pollution
4
Q
How to solve TOC
A
Private land ownership
Fees or taxes use
taxes, fines, criminal charges
ex clean air act, clean water act, safe water drinking, BLM ( Bureau of Land Management)
