Usually means: Overuse of resources by individuals.
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We found 8 dictionaries that define the word tragedy of the commons:

General (2 matching dictionaries)
  1. tragedy of the commons: Wiktionary
  2. The Tragedy of the Commons, Tragedy of the Commons, Tragedy of the commons: Wikipedia, the Free Encyclopedia

Business (3 matching dictionaries)
  1. Tragedy of the commons: Glossary of research economics
  2. Tragedy of the Commons: Deardorff's Glossary of International Economics
  3. BusinessDictionary.com (No longer online)

Slang (1 matching dictionary)
  1. tragedy of the commons: Urban Dictionary

Tech (2 matching dictionaries)
  1. Lake and Water Word Glossary (No longer online)
  2. Glossary of Water Resource Terms (No longer online)

Definitions from Wiktionary (tragedy of the commons)

noun:  (ecology, economics, politics, social criticism) A situation in which unmanaged use of a shared resource (such as the atmosphere or an ocean) by a number of participants results in the unintended ruin or total consumption of that resource.

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