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Question
select all that apply. the ability for anyone in a society to own private property _. means that all people share the land. leaves the general population in poverty encourages most people to steal incentivizes people to conserve resources encourages entrepreneurship
Brief Explanations
- When people own private property, they have an incentive to take care of it (so they conserve resources).
- Owning private property allows for starting businesses (entrepreneurship).
- Sharing land (all people share the land) is not private property ownership.
- Private property ownership does not leave the general population in poverty (in fact, it can help in wealth - building in many economic systems).
- There is no basis to say it encourages most people to steal.
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- incentivizes people to conserve resources
- encourages entrepreneurship