Explain how does private ownership influence incentive

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If you have a private ownership rights something. What does this means? Does private ownership give you the right to do anything you want with the things that you own? Explain. How does private ownership influence incentive of individuals (a) take care of things, B)conserve resource for the future, and C) developed modify things in way that are beneficial to others? Explain:

Reference no: EM1351231

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