Skip to main content

What are some advantages of consumers having private property?

I'm not really clear on the context in which this question is being asked, since it is listed under "Business," which presupposes a capitalistic system of some sort, I would think. If consumers do not own private property, they are far less likely to want to consume many goods and services, and they have no assets upon which they can draw if need be. If I own a house, I am more likely to buy carpeting and paint to fix it up and buy a few trees and perennials to plant. If I rent, I have no stake in the place I live, and I am not going to acquire a significant number of goods and services to improve the property. If I own a house, I build equity in it, upon which I can borrow, to remodel, to send a child to college, or to finance my senior years. It is difficult to conceptualize an economy in which there are businesses and no one is permitted to own private property.

Comments

Popular posts from this blog

Is there a word/phrase for "unperformant"?

As a software engineer, I need to sometimes describe a piece of code as something that lacks performance or was not written with performance in mind. Example: This kind of coding style leads to unmaintainable and unperformant code. Based on my Google searches, this isn't a real word. What is the correct way to describe this? EDIT My usage of "performance" here is in regard to speed and efficiency. For example, the better the performance of code the faster the application runs. My question and example target the negative definition, which is in reference to preventing inefficient coding practices. Answer This kind of coding style leads to unmaintainable and unperformant code. In my opinion, reads more easily as: This coding style leads to unmaintainable and poorly performing code. The key to well-written documentation and reports lies in ease of understanding. Adding poorly understood words such as performant decreases that ease. In addressing the use of such a poorly ...

Is 'efficate' a word in English?

I routinely hear the word "efficate" being used. For example, "The most powerful way to efficate a change in the system is to participate." I do not find entries for this word in common English dictionaries, but I do not have an unabridged dictionary. I have checked the OED (I'm not sure if it is considered unabridged), and it has no entry for "efficate". It does have an entry for "efficiate", which is used in the same way. Wordnik has an entry for "efficate" with over 1800 hits, thus providing some evidence for the frequency of use. I personally like the word and find the meaning very clear and obvious when others use it. If it's not currently an "officially documented" word, perhaps its continued use will result in it being better documented.