Tragedy-of-the-commons Definition

noun

(economics, politics, social criticism) A situation or type of situation in which a shared resource that has no owner (such as the atmosphere or an ocean) is used in an unmanaged way by a number of participants, resulting in the unintended ruin or total consumption of that resource; the theory that situations of this type are a serious social problem.

Wiktionary

Other Word Forms of Tragedy-of-the-commons

Noun

Singular:
tragedy-of-the-commons
Plural:
tragedies of the commons

Origin of Tragedy-of-the-commons

  • Reportedly coined in 1968 by U.S. ecologist Garrett Hardin.

    From Wiktionary

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