Q1. List ten real-world common property resources with which you are familiar. Describe an example of one of these common property resources that is not (tragically) overexploited (use the term “institution/s” in your discussion).The so-called tragedy of the commons is defined as the fact that people tend to exploit common resources to the maximum degree possible for their own benefit, thus indirectly harming other or future people who could benefit from the resource (“Tragedy of the Commons,” 2018). Examples of common property include public parks, fish in the ocean, public monuments, highways, clean water, clean air, public bathrooms, trees, schools, and public playing fields. Although some of these resources are, indeed, exploited, this is not the case with all of them.
For example, public monuments are usually relatively respected by individuals (although there is a risk of them being defaced). But one of the reasons for this may be the fact that people are aware of the fact that their tax dollars go to support the cleanliness and upkeep of such monuments. There is also the question of respecting structures with historical significance. Finally, there is also the question of benefits derived from taking...
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