Learning Path
Question & Answer1
Understand Question2
Review Options3
Learn Explanation4
Explore TopicChoose the Best Answer
A
To allow government regulation of resources
B
To enable individual ownership and wealth accumulation
C
To ensure equal distribution of goods
D
To eliminate competition among businesses
Understanding the Answer
Let's break down why this is correct
Answer
In a capitalist economy, the primary role of private property is to give individuals and businesses the right to own and control resources and goods. This ownership encourages people to invest in their property, improving it and making it more valuable. For example, if someone owns a piece of land, they can choose to build a house or start a business, which can lead to profits and growth. This system motivates people to work hard and innovate, as they can keep the rewards of their efforts. Overall, private property is essential because it drives economic activity and personal responsibility in a capitalist society.
Detailed Explanation
Private property allows people to own things like houses and businesses. Other options are incorrect because Some might think private property means the government controls resources; It's a common belief that private property ensures everyone gets the same amount.
Key Concepts
private property
Topic
Capitalism vs. Socialism
Difficulty
easy level question
Cognitive Level
understand
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