Explain the role of private property as an incentive in conserving and improving scarce resources, including renewable and nonrenewable natural resources.

Taking away land for preserving the environment from people is seen as a punishment instead of this government must give incentives to people to maintain the their lands that have resources sustain ably thereby promoting sustainable ownership

Explanation:

It is believed that instead of punishments, private properties must be incentivized in order to conserve resources and encourage sustainable development.  

Lands are being privatized in order to provide direct benefits of the environment to the people. In lieu to that people are expected to take care of the land and treat the surrounding environmental resources respectfully. Government has also come up with special plans to incentivize the owner for promoting and maintaining sustainable land ownerships instead of taking up the lands that have endangered species