Why must private ownership of property be guaranteed before a free market economy will work?

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angel264799 angel264799

22-05-2017
Advanced Placement (AP)

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Why must private ownership of property be guaranteed before a free market economy will work?

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starburst200242 starburst200242 · Answer 1 · 2017-05-23T00:19:55+02:00

starburst200242 starburst200242

23-05-2017

Because the ownership of private property allows people to seek to maximize their utility. private ownership allows for the invisible hand of the market to act, as per Adam Smith.

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