Sign up for FlowVella
Sign up with FacebookAlready have an account? Sign in now
By registering you are agreeing to our
Terms of Service
Loading Flow
8.3 Fundamentals of Capitalism
Why is private property important to capitalism?
Private property are items of value that can be owned, used, and sold by people in a capitalistic system.
It is important to capitalism because individuals will have full control over productive resources. There is extremely limited government involvement in capitalistic economies, so the individual has ultimate control over how their property is used to produce goods and services.