People living together must find some way to preserve common resources. Unfortunately, there are strong incentives for people to exploit these resources when they are held in common by everyone. As Prof. Sean Mulholland at Stonehill College explains, the 'tragedy of the commons' occurs when individuals acting independently end up depleting shared resources, such as fisheries or pastureland. Prof. Mullholland discusses two potential solutions to this problem: public ownership, where the property is owned and administered by the government, and private ownership. He discusses the strengths and weaknesses to each approach and some key considerations for determining which institutions best protect useful resources.
A group of farmers
The shady government
Mr. Khan
The settlers
The Indians
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Snake
Goat
Cow
Sheep
Horse
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The death of the sheep called the Common.
The destruction of a human habitat
The destruction of a national rain forest.
The destruction of a natural habitat that was over grazed by sheep known as a common.
None of the above
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Money, time, love
Knowledge, power, health
Planning, rotation, conservation
Planning, production, preservation
Me, you, al
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Better planning
Less sheep
Better rotation
Younger farmers
Better conservation
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The sheep
The group of farmers
Planning and lack of conservation concerning the commons
Tractors
Hippos
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The sheep
The group of farmers
The natural resource that is the common itself.
Lions
Dinosaur
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