Economics: Private and Public Choice
16th Edition
ISBN: 9781337642224
Author: James D. Gwartney; Richard L. Stroup; Russell S. Sobel
Publisher: Cengage Learning US
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Question
Chapter 2, Problem 6CQ
(a)
To determine
Meaning of private ownership right and its influence on the incentive of individuals in taking care of things.
(b)
To determine
The incentive of individual to conserve the resources for future on the basis of private property rights.
(c)
To determine
Reasons to develop and modify things that are beneficial to others by a private property owner.
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