What term refers to the failure of a group to share resources fairly, leading to depletion of those resources?

The term "Tragedy of the commons" refers to a situation where individual users, acting independently according to their own self-interest, ultimately deplete a shared limited resource, even when it is clear that this is against the group's long-term best interests. This concept illustrates how common resources, like fisheries, forests, or the atmosphere, can be overused or mismanaged when individuals exploit them for their personal gain without considering the overall impact on the community and the sustainability of the resource.

This phenomenon highlights the conflict between individual interests and the collective good. Each person may believe that their contribution to the depletion is negligible, but when many individuals pursue their self-interest, the resource becomes over-exploited, leading to its degradation or complete depletion.

In contrast, the other terms, while related, do not specifically capture this communal resource depletion aspect in the same way. Resource management failure pertains to issues of oversight or planning in managing resources but doesn't encapsulate the communal aspect as directly. Cooperative dilemma refers to situations where individuals face a choice between cooperating for collective benefit or acting in their individual interest, but it does not specifically address resource depletion. Public goods challenge focuses on issues surrounding the provision and consumption of goods that are non-excludable and non-rivalrous