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 commonsOrigin of Tragedy-of-the-commons
Reportedly coined in 1968 by U.S. ecologist Garrett Hardin.
From Wiktionary
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