Patrick lives in a nation whose government embraces capitalism. He owns his own home and car, as well as his own business and building. Patrick maintains ownership due to:

Question

Quizplus · Accepted Answer

The right to own private property is a core principle of capitalism. Patrick's ownership of his home, car, business, and building is a result of his exercise of this right. Eminent domain refers to the government's ability to seize private property for public use, but this is typically done with compensation to the owner. Freedom of choice and competition are also important aspects of capitalism, but they do not directly explain Patrick's ownership.

Patrick Lives in a Nation Whose Government Embraces Capitalism