Private Property Rights Are Defined and Enforced _____

question 98

Multiple Choice

Private property rights are defined and enforced _____

• A)only in a capitalist economy.
• B)only in a command economy.
• C)by the largest firm in an economy.
• D)by the market forces of demand and supply.
• E)by the government, by informal social actions, and by ethical norms.

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Definitions:

Association

A group of people or organizations that come together for a common purpose or to share interests.

Business

Organized efforts by individuals or entities to produce and sell goods and services for profit.