Asked by
morgan spain
on Oct 09, 2024Verified
Private property:
A) discourages cooperation because people don't want to part with what they own.
B) discourages innovation,as people are often afraid to risk losing their own property.
C) encourages owners to maintain or improve their property so as to preserve or enhance value.
D) does everything indicated by the other answers.
Private Property
Refers to land, buildings, or possessions owned by individuals or entities and not by the government or public organizations.
- Elucidate the importance of ownership rights in facilitating economic exchanges and encouraging innovation.
Verified Answer
LD
Learning Objectives
- Elucidate the importance of ownership rights in facilitating economic exchanges and encouraging innovation.