Private property enables entrepreneurs to capture the benefits of taking risks.

Question

Quizplus · Accepted Answer

Private property allows individuals to have exclusive control over their assets, including the outcomes of any risks taken with those assets. This provides a strong incentive for entrepreneurs to invest their time, money, and resources into their ventures, as they will reap the rewards of their success. Without private property rights, the benefits of taking risks would be shared among all members of society, reducing the incentive for entrepreneurship and innovation.

Private Property Enables Entrepreneurs to Capture the Benefits of Taking