Final Answer:
Private Property of Free Enterprise says you have the right to buy and own property.
Option B is correct.
Step-by-step explanation:
The correct principle of Free Enterprise that asserts the right to buy and own property is B) Private Property. This principle emphasizes the fundamental right of individuals to own, control, and dispose of their possessions, whether tangible or intangible.
Private property is a cornerstone of the free enterprise system, providing individuals with the incentive to work, invest, and innovate, as they have the assurance that they can enjoy the benefits of their efforts through ownership. This principle encourages economic growth, individual responsibility, and the efficient allocation of resources. In a society that upholds the principle of private property, individuals are motivated to make productive use of their resources, contributing to the overall prosperity of the community.
In summary, the principle of Private Property in the context of Free Enterprise underscores the significance of individual ownership rights, fostering a system that encourages economic initiative, personal responsibility, and innovation. This principle plays a crucial role in shaping the dynamics of a free-market economy, providing individuals with the autonomy to engage in voluntary transactions and pursue their economic interests.
Option B is correct.