Question

True or False: Private owners can gain by employing their resources in ways that are beneficial to others, and they bear the opportunity cost of ignoring the wishes of others.TrueFalse

Answer 1

Answer:

True

Explanation:

This is one of the incentives of Private Property that Private proprietors can make profit by utilizing their assets in manners that are useful to other people, and they are responsible for the open door cost of disregarding the desires of others.  

• Private proprietors have a motivator to monitor for the future—especially if the property is relied upon to increment in worth.
• Private owners have a strong incentive to care for and properly manage what they own.