Why Do Members of Food-Collecting Societies Not Have Private Ownership

question 23

Multiple Choice

Why do members of food-collecting societies not have private ownership of land?

• A) Land has no intrinsic value to foragers; only the animals and plants on the land have value.
• B) Land is too expensive to own, so most foragers are forced to rent land.
• C) Private ownership has historically led to too much conflict, so they abandoned the practice.
• D) Foragers do not usually have a measuring system to equitably distribute the land.

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Definitions:

Fair Value

The price at which an asset would be exchanged between knowledgeable, willing parties in an arm's length transaction.

Full IFRS

The complete set of International Financial Reporting Standards that are globally accepted guidelines for preparing financial statements.

Private Company

A business entity owned by private individuals or entities and not traded publicly on the stock exchange, often characterized by closely held ownership.

Debt Financing

The method of raising capital through borrowing, typically by issuing bonds or taking out loans, which obligates the borrower to repay the borrowed amount plus interest.