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Negative externalities and the tragedy of the commons are problems that have a common source. what is this common source? a lack of concern for human rights a lack of competition a lack of clearly defined and enforced property rights self-interest motives of producers and consumers

1 Answer

4 votes

Answer is "a lack of clearly defined and enforced property rights".

The tragedy of the commons is a term utilized as a part of sociology to portray a circumstance in a mutual asset framework where singular clients acting freely as per their own particular self-intrigue act in opposition to the benefit of all people by exhausting or ruining that asset through their collective activity. If the boundaries are clearly defined this can b avoided.

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User Acoffman
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