If you have a private-ownership right to something, what does this mean? Does private ownership give you

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If you have a private-ownership right to something, what does this mean? Does private ownership give you the right to do anything you want with the things that you own? Explain. How does private ownership inuence the incentive of individuals to

(a) take care of things,

(b) conserve resources for the future, and

(c) develop and modify things in ways that are benecial to others? Explain.

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Microeconomics Private And Public Choice

ISBN: 9781305506893

16th Edition

Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

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