An essential part of a market economy is the expectation, in both producers and consumers, that they will be able to keep and use products freely. This is governed by an area of legislation known as (it's B)

A) The government would lose too much tax revenue.

B) Goods would become too inexpensive to make profits.

C) Consumers would be unwilling to buy goods of uncertain quality.

D) Producers would try to make goods that would be difficult to copy.

Question

Abdiel Summers

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30 April, 11:34

An essential part of a market economy is the expectation, in both producers and consumers, that they will be able to keep and use products freely. This is governed by an area of legislation known as (it's B)

A) The government would lose too much tax revenue.

B) Goods would become too inexpensive to make profits.

C) Consumers would be unwilling to buy goods of uncertain quality.

D) Producers would try to make goods that would be difficult to copy.

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Answers (1)

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Josh Burns · Answer 1

The correct answer is letter B

Explanation: Right of property as the right of a person, within the limits of the law, to dispose and enjoy a good, and also to determine what is done with it. In other words, the right to property guarantees that any citizen has the right to own (that is, to own) goods.