Asked by Keondre Argyle on Jul 06, 2024
Verified
Conchita recently sold her Ford Taurus to a personal friend.Conchita's sale of her automobile illustrates the right to _____.
A) freedom of choice
B) private property
C) profit making
D) set ground rules for competitive activity
Private Property
The legal right to own and control property (such as land or buildings) by individuals or corporations.
Profit Making
The activity of earning more money than what is spent on producing or buying goods or services, resulting in financial gain.
- Distinguish and explicate the key components and entitlements of the private enterprise system.
Verified Answer
SM
Sabrina MarieJul 08, 2024
Final Answer :
B
Explanation :
Conchita's sale of her automobile to a personal friend illustrates the right to private property, which includes the right to buy, sell, and own property.
Learning Objectives
- Distinguish and explicate the key components and entitlements of the private enterprise system.
Related questions
All of the Following Are Rights Granted to Citizens and ...
Which of the Following Describes the Right to Profit ...
Which of the Following Represent Corresponding Factor Payments for Labor ...
Stewart Is a Small Business Owner Who Runs a Local ...
In the Private Enterprise System,government Has No Role to Play ...