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  • 12-09-2019
  • Business
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Explain why private ownership is a positive aspect of economic system

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corispastries
corispastries corispastries
  • 12-09-2019

Answer:

Private property and protection of property rights are important because it helps the economy deal with the issue of resource scarcity by ensuring its use is controlled through ownership. The private owner of a resource is expected to act in their self-interest to develop products

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