Question

Under a system of private property, could a 60-year-old owner of a tree farm benefit by planting and caring for a crop of douglas firs, most of which will not be ready to cut for 50 years?

Answer 1

Yes, as the trees develop and the harvest draws nearer, the farmer will gain from an increase in the value of the  private property.

What do you mean by Private property?

Real estate that is owned by people or organisations other than the government is referred to as private property. Land, buildings, things, and intellectual property are all examples of private property (copyright, patent, trademark, and trade secrets). Private property is often given away, sold, or transferred with the owner's permission.

To learn more about Private property
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