An Example of Tragedy of the Commons

Tragedy of the Commons is a term that can best defined as a shared or unowned resource taken advantage upon. An example of this may include an over fished lake or coal mines.Since there is no supervision or authority, resources are not used at a sustainable level. Parks may also relate due to littering. Tragedies like this can be solved by switching public resources to a private ownership. This way, activity can be minimal.