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31 May, 05:25

In a market economy why is private Ownership an important source of economic prosperity

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Answers (2)
  1. 31 May, 06:13
    0
    Answer: Private companies are among the most significant drivers of economic growth.

    Explanation:

    Creating jobs, increasing trade activity, and increasing the flow of goods, providing services to the poor, and paying regular taxes to the public sector are just some of the benefits that the economic system has of private companies. Paying for their obligations to the state results in the proceeds of funds coming into health care, education, and other vital elements of the state system.
  2. 31 May, 06:33
    0
    D) It provides owners with a strong incentive to develop and use assets in ways that others value highly.

    Explanation:

    i just did the test
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