Tragedy of the Commons/Sustainability

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Tragedy of the Commons

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A situation in a shared-resource system where individual users act according to their own self-interest and deplete or spoil the resource through their collective action.

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Ecological Footprint

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A measure of human demand on Earth's ecosystems, representing the amount of natural capital used by a person or community.

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Privitization

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The transfer of ownership of property or businesses from a government to a privately owned entity.

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Sustainability

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The ability to maintain or improve standards of living without damaging or depleting natural resources for the future.