Relative to common ownership, private ownership generally leads to less conservation of resources. With private ownership, owners are held accountable for using their resources in a manner that harms the resources of others. Private ownership generally gives the owner little incentive to find ways to use the resource wisely. With private ownership, resource owners have little incentive to consider the preferences of others when deciding how to employ a resource.

Question

04-02-2020
Business

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Relative to common ownership, private ownership generally leads to less conservation of resources. With private ownership, owners are held accountable for using their resources in a manner that harms the resources of others. Private ownership generally gives the owner little incentive to find ways to use the resource wisely. With private ownership, resource owners have little incentive to consider the preferences of others when deciding how to employ a resource.

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obasola1 obasola1 · Answer 1 · 2020-02-04T13:56:14+01:00

Answer:

b. With private ownership, owners are held accountable for using their resources in a manner that harms the resources of others.

Explanation:

Which of the following is true regarding private ownership?

a.Relative to common ownership, private ownership generally leads to less conservation of resources.

b.With private ownership, owners are held accountable for using their resources in a manner that harms the resources of others.

c.Private ownership generally gives the owner little incentive to find ways to use the resource wisely.

d. With private ownership, resource owners have little incentive to consider the preferences of others when deciding how to employ a resource.

Private Ownership is when a company is being owned by people or an organization rather than Government

Let's consider the options

Private ownership does not lead to less conservation of resources. Infact resources are conserved through optimization in revenue and publicity. It does not give the owner little incentives. Resource onwers to do not have little incentives.

B. .With private ownership, owners are held accountable for using their resources in a manner that harms the resources of others is correct because the company is owned by group of people or organizations, therefore , there is a high level of accountability which is the opposite as regards government owned establishments.