milan2003_07
Senior Member
- Joined
- Jan 7, 2011
- Member Type
- Academic
- Native Language
- Russian
- Home Country
- Russian Federation
- Current Location
- Russian Federation
Below is an extract from the current issue of the New York Times:
"This is a classic case of tragedy of the commons, where a common resource is harmed by the profit interests of individuals. The traditional example of this is a public field that cattle can graze upon. Without any limits, individual cattle owners have an incentive to overgraze the land, destroying its value to everybody."
I've figured out from the context that "the commons" means "common people" or "the vast majority of people". Is it correct?
"This is a classic case of tragedy of the commons, where a common resource is harmed by the profit interests of individuals. The traditional example of this is a public field that cattle can graze upon. Without any limits, individual cattle owners have an incentive to overgraze the land, destroying its value to everybody."
I've figured out from the context that "the commons" means "common people" or "the vast majority of people". Is it correct?