The institution of private property encourages:
A) lack of maintenance because people are not forced by law to do it.
B) lack of easy exchange because ownership is sometimes hard to prove.
C) easy exchange of some property because a formal title or deed exists.
D) lack of incentives because the owner is responsible for maintenance costs.

Question

Quizplus · Accepted Answer

The existence of a formal title or deed in private property creates an easy exchange system as it legitimizes the ownership and makes it transferable to other people or entities.

The Institution of Private Property Encourages