Which of the following statements is most likely to be true regarding private ownership?
A) It reduces a nation's dynamism and its investments in innovation and creativity.
B) It is most commonly found in command economies.
C) It eliminates competitors and reduces pressure to lower production costs.
D) It gives entrepreneurs an incentive to search for better ways of serving consumer needs.
E) It is based on the philosophy that "the good of society is more important than the interests of an individual."
Correct Answer:
Verified
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