If a Common Area Is Turned into a Private Resource

question 2

True/False

If a common area is turned into a private resource, the owner will have incentives for using that resource efficiently.

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Definitions:

Intangible

Unable to be touched or grasped; not having physical presence.

Invisible

Unable to be seen; not visible to the eye.

Locus of Control

A psychological concept referring to an individual's belief about the extent to which their actions affect outcomes in their lives.

Locus of Control

A psychological concept referring to the extent to which individuals believe they have control over the events that affect their lives.