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Business, 08.04.2021 01:00 reesespowerade

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

The government will retain too much power if there is a guarantee.

Entrepreneurs need to be assured that they will benefit from a successful project.

Without such a guarantee, criminals can steal the profits from a good business.

Unemployment will be too high for the private ownership to work without the guarantee.

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

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