Which modern issue is an example of the Tragedy of the Commons?
Understand the Problem
The question is asking which example represents the modern issue of the Tragedy of the Commons, a concept in economics that describes a situation in which individuals, acting in their own self-interest, deplete shared resources. We need to identify the option that illustrates this concept best.
Answer
Plastic pollution
A modern issue that exemplifies the tragedy of the commons is plastic pollution.
Answer for screen readers
A modern issue that exemplifies the tragedy of the commons is plastic pollution.
More Information
Plastic pollution occurs because individuals and companies exploit the convenience and low cost of plastic without considering the negative impact on the environment, leading to widespread pollution.
Tips
Common mistakes include confusing the concept with purely individual actions rather than collective overuse, and not recognizing the long-term societal impact versus the short-term individual benefits.
Sources
- 5 Real World Examples of the Tragedy of the Commons - populationeducation.org
- Tragedy of the Commons: Examples & Solutions | HBS Online - online.hbs.edu
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