Ferguson and Millar saw social developments resulting from the establishment of private property as representing a huge improvement in society because private property leads to higher degrees of social organization and:
A) individuals.
B) efficiency.
C) incentives.
D) bureaucracy.

Question

Quizplus · Accepted Answer

Ferguson and Millar believed that private property leads to higher degrees of efficiency in society as individuals have a greater incentive to work hard and innovate in order to accumulate wealth and maintain their property. This can lead to increased social organization and improvement in overall quality of life.

Ferguson and Millar Saw Social Developments Resulting from the Establishment