The market system depends on private property ownership and the protection of private property rights to a. Make sure that there are adequate safeguards against theft. b. Provide an incentive to maintain property and allow for the orderly transfer of property ownership. c. Establish the cost of administration and transfer of property. d. Ensure that those who own property use it wisely.

Question

Giana Khan

Business

17 January, 22:23

The market system depends on private property ownership and the protection of private property rights to a. Make sure that there are adequate safeguards against theft. b. Provide an incentive to maintain property and allow for the orderly transfer of property ownership. c. Establish the cost of administration and transfer of property. d. Ensure that those who own property use it wisely.

+3

Answers (1)

Know the Answer?

Jacob Stanley · Answer 1

The correct answer is b. Provide an incentive to maintain property and allow for the orderly transfer of property ownership.

Explanation:

The market system is made up of all the actors that carry out production or purchase and sale processes. Within these, they participate directly in production, commercialization that affects the dynamism of economic activity in a given country. Therefore, its dependence on private property is necessary since, as it is a tradable good in money, rights are acquired that are negotiated in the market on a recurring basis. In this way, the corresponding public entity assigns incentives so that the owners keep the property and it is easier to negotiate it with the buyers.