How do US economists think private ownership most affects property maintenance

1 answer:

6 0

Private ownership entails the existence of an owner/propietor, who has important economic incentives for the preservation of the value of his property and even for enhacing its future value. This occurs to a greater extent when private ownership takes place in countries with strong institutions that are able to enforce property rights if necessary.

On the other hand, when collective property forms are used instead, economists tend to forecast that it will be affected by the process known as the Tragedy of the Commons. It describes how when there is a shared resource, individual users who have access to it and use it in accordance to their own interest, end up behaving in a manner that is harmful for the common property, even tough this is contrary to their personal interests too, as then the common good will not be in the same initial conditions anymore. For example, overexploitation due to unlimited grazing on a collectively-owned field.

You might be interested in

What are two main causes of the bitter rivalry between the Ottoman and Safavid empires?

Anestetic [448]

<span>The Ottomans and Safavids have fought each other mainly because the Ottomans were Sunni Muslim and the Safavids were Shiite Muslim. They also fought each other because expanding borders is part of what sustains the economy of these two empires. As a result of conflict between these two empires, each empire's economy was depleted because it spent so much on wars that ended up not helping the empire in any way. This partially contributed to the decline of these two empires. </span>

5 0

3 years ago

The speech that Winston Churchill delivered in 1946 was called “The Sinews of Peace.” Sinews is another word for a tendon or lig

posledela

Using the word "sinew" suggests that there are many components of what make peace work, and it implies that we as people must know how to be peaceful by cooperating with each other.

3 0

3 years ago

Read 2 more answers

What did God give man in the Garden of Eden?

Svetradugi [14.3K]

Answer:

Eve

Explanation:

8 0

3 years ago

What was the effect of the Supreme Court case McCulloch v. Maryland?

Alexxandr [17]

C. It legitimized the power of the national government over states

7 0

3 years ago

Read 2 more answers

why president James Monroe write the Monroe doctrine, what was his point of view ?, what was his message that he was trying to g

Fantom [35]

President James Monroe wrote the Monroe doctrine because fear existed that the European powers might try to restore their postions in Latin America, which had in general already obtained their independence. The message that he was trying to get across : The United States were not to tolerate European Countries to make new colonies or interfere with the new independent countries; likewise, the United States would not get involved with conflicts between European Powers.

6 0

3 years ago