The following table shows the costs and benefit of producing a commodity.Table 13.1

-In China prior to 1990, most residential buildings were dilapidated because:

Question

The following table shows the costs and benefit of producing a commodity.Table 13.1
 
-In China prior to 1990, most residential buildings were dilapidated because:

Quizplus · Accepted Answer

The fact that no one had a property right to a home in China prior to 1990 is the most likely reason why most residential buildings were dilapidated. Without a property right, individuals lacked the incentive to invest in maintaining and beautifying their homes. The government had control over all properties, making it difficult for individuals to take ownership and responsibility for their homes.

The Following Table Shows the Costs and Benefit of Producing