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Tragedy Of The Commons Pros And Cons

431 Words2 Pages
Tragedy of the Commons is an economic theory that states,” Individuals within a shared-resource system act in self-interest instead of maintaining a common good and eventually depleting or spoiling that resource through their collective actions.” stated by investopedia. This theory is applied to many ancient civilizations from the past and is considered in how they could’ve been wiped out as a whole. This doesn’t necessarily only have to apply to the past but how future civilization could end if they are not wary on how fast and how much they use up up their resources. In the case of the well-known island, Easter Island, there has been many speculations on how the civilization’s population “disappeared” per se. The most well known version
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