Register
Why must private ownership of property be guaranteed before a free market economy will work?
104k views
4 votes
Why must private ownership of property be guaranteed before a free market economy will work?

User Cala
by
7.5k points

1 Answer

5 votes
Because the ownership of private property allows people to seek to maximize their utility. private ownership allows for the invisible hand of the market to act, as per Adam Smith.
User Mariuxi
by
8.1k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.5m questions

12.2m answers

Other Questions

Several United States Presidents committed military troops to serve in Vietnam in an effort to a. react to violations of United States neutrality. b. support the policy of containment. c. oppose the Chinese
What research Is currently being done on moon rocks?
Which best describes the topics covered by nonfiction works? a. facts and real events b. historical people and events c. ideas that try to influence readers d. events that never occurred
Nelson has been taking karate lessons since the age of 7. He has slowly progressed in skill and has earned several belts. He wants to begin entering competitions. He gets permission to attend an extra
Leila and Liam are twins and spent their 16th birthday at their favorite amusement park. After riding the biggest and fastest roller coaster in the park, Leila and Liam feel very dizzy and disoriented.
Link Copied!