The positive correlation between economic success and well-defined private property rights is:
A)a statistical anomaly,and not a causal relationship.
B)an example of capitalist greed and exploitation.
C)due to the observation that,when resources are owned,they are not treated as if they have a marginal cost of zero.
D)only evident in the Western world.

Question

Quizplus · Accepted Answer

Private property rights contribute to economic growth because assignment of ownership provides incentives for optimal use.

The Positive Correlation Between Economic Success and Well-Defined Private Property