Words / T / Business

tragedy of the commons

noun/ˈtrædʒədi əv ðə ˈkɒmənz/

C1CEFR level
65/100Rarity: rare
TechnicalRegister

The depletion of a shared resource by individuals each acting in rational self-interest.

Overfished to collapse, the bank is a tragedy of the commons no single trawler will fix.

Topic: Economics in Business English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

Get words like tragedy of the commons on your lock screen, a few a day, with review that makes them stick.

Download on the App Store Lexfall puts a new word on your home and lock screen through widgets, so you learn without opening an app. Free to download. After a free trial, a subscription unlocks every field. Built for iPhone, iOS 15.1 or later.
QR code that opens Lexfall on the App Store
On a computer?Scan with your iPhone camera.

More business words: Economics