Question

john owns an apple orchard and makes a living by selling apples. he protects his land with utmost care and takes all the necessary security measures. what motivates john to protect his land?

family obligations
government orders
property rights
societal pressure

Explanation:

Analyze the scenario

The scenario describes John, who owns an apple orchard and earns his living by selling apples. Because he owns the land and benefits directly from its production, he has a strong incentive to protect it and take security measures.

Connect to economic concepts

In a Market Economy, individuals own private property. This ownership gives them exclusive property rights, which provide the incentive to maintain, protect, and improve their resources to maximize their economic value and personal gain.

Evaluate the options

• family obligations: There is no mention of family pressure or duties driving his actions.
• government orders: John is acting out of self-interest as a private owner, not because of state directives.
• property rights: Since John owns the land, his legal rights to the property and its profits motivate him to protect it.
• societal pressure: His motivation is economic self-interest and ownership, not social expectations.

Determine the correct choice

The fundamental economic institution that motivates individuals to care for and protect their resources is private property rights. Therefore, the correct option is "property rights".

Answer:

• family obligations
• government orders
• property rights (Correct answer)
• societal pressure