How do economists think private ownership most affects property maintenance?

Question

Business

Jordyn Lara

30 July, 01:59

How do economists think private ownership most affects property maintenance?

+5

Answers (1)

Know the Answer?

Jax Nicholson · Answer 1

The economists think about the pros and cons of the relation between the private ownership and the property maintenance. The property maintenance level depends on the level of the property owner responsibility which can affect the value of the property itself. There is a benefit to the private ownership if the private owner is a responsible one. A loss will occur if the private owner is not responsible.