Question

"What belongs to you, you tend to take care of; what belongs to no one or...

"What belongs to you, you tend to take care of; what belongs to no one or everyone tends to fall into disrepair.”

Explain what this quote means, and give a unique example for each one to help demonstrate its meaning and significance.

Must be a paragraph

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Answer #1

Answer - The above given problem can be attributed to the public good or the common resources where the problem of the free rider can be seen. When it is a private good , the owner tends to take care of the good and excludes it from the use by any other person.

But in case of common good , it does not belong to any one person , hence people dont take the responsibilty to take care of that resource.

This can be explained like when people do fishing , they dont think they are not leaving the fishes for the others in the common pond. This leads to the overuse of the resource by one person and no one takes it responsibilty.

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