Question

Maintaining property is incentivized by private property rights." What does the passage suggest about private property rights?

a) They discourage property maintenance
b) They incentivize property maintenance
c) They have no impact on property maintenance
d) They encourage overuse of property

Answer 1

Private property rights incentivize property maintenance.

Step-by-step explanation:

The passage suggests that private property rights incentivize property maintenance. Private property rights are the rights of individuals and firms to own property and use it as they see fit. When people have ownership and control over their property, they have a financial and personal interest in maintaining and improving it. This creates an incentive for property owners to take care of their property and invest in its upkeep.