The Positive Correlation Between Economic Success and Well-Defined Private Property

question 50

Multiple Choice

The positive correlation between economic success and well-defined private property rights is

• A) random chance.
• B) an example of capitalist greed and exploitation.
• C) because when resources are owned,they are not treated as having a marginal cost of zero.
• D) coincidental.
• E) only evident in the Western world.

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Definitions:

Mechanistic Organisational Design

A structure characterized by strict procedures, hierarchical communication channels, and a clear division of labor.

Organic Design

A design philosophy guided by the principle of harmonizing the object or structure with its natural environment, often characterized by fluid lines and sustainability practices.

Growth-Oriented

An approach or mindset focused on seeking out opportunities for expansion and improvement, often in the context of business or personal development.

Team Structure

The organization of a group of individuals into roles and responsibilities to achieve specific tasks and goals.