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What is the tragedy of the commons? How might environmental issues be related to scarcity and opportunity cost?

Sagot :

gavinbmorrow0114

Answer:

The tragedy of the commons is a very real economic issue where individuals tend to exploit shared resources such that the demand greatly outweighs supply, and subsequently the resource becomes unavailable for the whole.

Explanation:

it was on go.ogle

marvineetesh3

Tragedy of the commons is one of the problems in the economics, in which all persons attempt to gather the greatest payment from a given resource.

What is common tragedy?

Tragedy of the commons is one of the problems in the economics. This happens when individuals overleap the well-being of society in the chase of individual increment.

This tracks to excess consumption and finally decrease of the common resource, to harm for everybody.

It is a precise actual economic matter where persons tend to utilize common resources to means that the demand greatly exceeds supply, and afterwards the resource becomes unobtainable for the whole, and might the issue of scarcity and opportunity cost.

Therefore, the common tragedy is a problem in economics that cause scarcity and opportunity cost.

Learn more about the common tragedy, refer to:

https://brainly.com/question/7547002

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