from Wiktionary, Creative Commons Attribution/Share-Alike License.
- noun economics, politics, social criticism A situation or type of situation in which a
shared resourcethat has no owner(such as the atmosphere or an ocean) is used in an unmanagedway by a number of participants, resulting in the unintended ruinor total consumptionof that resource; the theorythat situations of this type are a serious social problem.
from Wiktionary, Creative Commons Attribution/Share-Alike License
Reportedly coined in 1968 by U.S. ecologist Garrett Hardin.
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