When private ownership rights are clearly defined and well enforced, owners of resources
A) have no incentive to consider the desires of others or the potential future value of the resource.
B) have an incentive to develop and expand resources that are expected to be valuable in the future.
C) have an incentive to consume the resource as quickly as possible before others seize it.
D) have little incentive to take care of the resource or conserve it for the future.

Question

Quizplus · Accepted Answer

When private ownership rights are clearly defined and well enforced, owners have an incentive to manage resources sustainably and invest in their development, as they can benefit from the future value of the resource.

When Private Ownership Rights Are Clearly Defined and Well Enforced