Question

What is the "tragety of the Commons"? Give an example of a modern commons

Answer 1

Traffic congestion is one of the best-known modern examples of the tragedy of the commons. According to a study by the Harvard School of Public Health, air pollution from traffic congestion in urban areas contributes to more than 2,200 premature deaths annually in the United States alone.

Answer 2

The tragedy of the commons describes a situation in economic science when individual users, who have open access to a resource unhampered by shared social structures

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