"Private property" means

What will be an ideal response?


the right of property owners to do as they please with their own property within some limits
set by the rights and obligations of others.

Economics

You might also like to view...

What does the slope of the credit supply curve imply? When do movements along a credit supply curve occur?

What will be an ideal response?

Economics

If a price decrease results in your expenditure on a good decreasing, your demand must be

A) inelastic. B) unit. C) elastic. D) linear.

Economics

Pure private goods are nonrival in consumption.

A. True B. False C. Uncertain

Economics

When costs spill over to third parties, there is a(n)

A. negative externality. B. cost overrun. C. government subsidy. D. excessive competition.

Economics