-Private property rights help to ensure an efficient use of resources, because owners of the resources must bear the costs of inefficient use.

Name: -Private property rights help to ensure an efficient use of resources, because owners of the resources must bear the costs of inefficient use.
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Question

Quizplus · Accepted Answer

Private property rights incentivize owners to use resources efficiently since they bear the costs of any waste or inefficiency, leading to more optimal allocation and use of resources.

-Private Property Rights Help to Ensure an Efficient Use of Resources