lulu8691
lulu8691 lulu8691
  • 04-05-2021
  • Geography
contestada

Why is private property important in the American economic system?

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poppyslam
poppyslam poppyslam
  • 05-05-2021

Answer:

Private Property Promotes Economic Efficiency

Most political theorists and nearly all economists argue that capitalism is the most efficient and productive system of exchange. Private property promotes efficiency by giving the owner of resources an incentive to maximize its value.

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