Tragedy of the commons is usually a problem
for the opened and easily accessible resources. Common resource is the resource
the no one else owned or a resource that is un-owned and is open for everyone. Obviously,
there would be people who would want to use the resource. Some people are
self-interested that they want to use the resource for their own purposes. For
example were those fishermen who have abusively done fishing in their pond that
causes for them to starve and lose the population of the fishes in the pond.
Tragedy of commons is another significant case study in business standards
generating an enormous amount of discussion among business ethicists, some
economists, government law experts and others. This problem occurs because each
user receives explicit benefits of using the resource but only bears a fraction
of the cost of its exploitation.