Many communities experience the tragedy of the commons. one way a local community might regulate a shared and limited resource and reduce the tragedy of the commons is to
a. eliminate ownership of the resource and make them available to all
b. reduce the cost of access of the resources
c. offer subsides to users of the resources in the form of tax breaks
d. divide the resource into parcels and assign them to individuals

Question

03-12-2021
Business

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Many communities experience the tragedy of the commons. one way a local community might regulate a shared and limited resource and reduce the tragedy of the commons is to
a. eliminate ownership of the resource and make them available to all
b. reduce the cost of access of the resources
c. offer subsides to users of the resources in the form of tax breaks
d. divide the resource into parcels and assign them to individuals

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Martebi Martebi · Answer 1 · 2021-12-07T09:36:11+01:00

The economics is prone to different kinds of problem. One way a local community might regulate a shared is to divide the resources into parcels and assign them to individuals.

The tragedy of the commons is known to be type of problem in economics. It often takes place when a person fail to perform their duties to the well-being of society and instead are in the pursuit of personal gain.

This problem often leads to over-consumption and then the depletion of the common resource, to everybody's failure.

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