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The Tragedy of the Commons is a term used in economics to describe the problem of how to efficiently use a shared resource, when that resource is not owned by anyone.

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. The Tragedy of the Commons and Its Significance in Economics. What does commons mean in economics? In microeconomics, commons refers to a shared resource that is used by many different people. This can be something like a public park or a piece of land that is used for grazing cattle. The concept of commons … Read more

Earnings Yield Definition and Example.

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The earnings yield is a financial ratio that measures the percentage of a company’s earnings that are available to shareholders as a dividend. The earnings yield can be calculated by dividing the company’s earnings per share by the stock’s price per share. For example, if a company has earnings per share of $1 and the … Read more