Question

What are some benefits to private ownership? Check all that apply.

A.)Private ownership provides offices for government workers.
B.)Private ownership provides land or goods for all citizens to use.
C.)Private ownership can make it possible for a business to earn money.
D.)Private ownership might help a person move to another economic class.
E.)Private ownership allows a person to own goods that may increase in value.

Answers: C,D,E

Answer 1

C)private ownership can make it possible for a business to earn money

Answer 2

C.)Private ownership can make it possible for a business to earn money.

D.)Private ownership might help a person move to another economic class.

E.)Private ownership allows a person to own goods that may increase in value.

Step-by-step explanation:

The right to private property is a constitutional guarantee in the United States. It is a right protected by law, which aims to provide legal certainty to owners.

Private property, therefore, is a democratic achievement. When purchasing a property, the owner can use it to obtain private benefits. For example, a business can benefit by buying a property and stop paying rent.

Private property also serves as an indicator of social improvement. When buying a property, a citizen who previously had no property, becomes the owner of a property, meaning that he or she improved life. Finally, private property can generate economic gains if the property is valued for any reason after the purchase. For example, building a mall near a condominium can increase the value of the apartments, favoring the owners economically.