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Jared Payne
History
20 August, 00:00
What did adam smith sqy about property.?
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Arjun Jackson
20 August, 00:21
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Answer:According to Adam Smith, the expectation of profit from "improving one's stock of capital" rests on private property rights. Capitalism has as a central assumption that property rights encourage their holders to develop the property, generate wealth, and efficiently allocate resources based on the operation of markets.
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