When private ownership of a resource is clearly defined and enforced, the private owner
A) has little incentive to consider the wishes of others when deciding how to employ the resource.
B) has little incentive to use the resource wisely.
C) has a strong incentive to consume the resource during the period rather than conserving it for the future.
D) has a strong incentive to use the resource wisely.

Question

Quizplus · Accepted Answer

Private ownership provides the owner with the incentive to maximize the value of the resource, which often involves using it wisely and sustainably to ensure long-term benefits.

When Private Ownership of a Resource Is Clearly Defined and Enforced