Which of the following statements is most likely to be true regarding private ownership?

A. It reduces a nation's dynamism and its investments in innovation and creativity.

B. It is most commonly found in command economies.

C. It eliminates competitors and reduces pressure to lower production costs.

D. It gives entrepreneurs an incentive to search for better ways of serving consumer needs.

E. It is based on the philosophy that "the good of society is more important than the interests of an individual."

Question

Rodrigo

Business

1 November, 05:50

Which of the following statements is most likely to be true regarding private ownership?

A. It reduces a nation's dynamism and its investments in innovation and creativity.

B. It is most commonly found in command economies.

C. It eliminates competitors and reduces pressure to lower production costs.

D. It gives entrepreneurs an incentive to search for better ways of serving consumer needs.

E. It is based on the philosophy that "the good of society is more important than the interests of an individual."

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Answers (1)

Know the Answer?

Kelton · Answer 1

A. It reduces a nation's dynamism and its increasing investments in innovation and creativity.

Explanation:

Which of the following statements is most likely to be true regarding private ownership?

It reduces a nation's dynamism and

its increases investments in innovation and creativity.

if there are many private ownership companies in the state, it will keep prices down and increases innovation of new ideas and items.