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Destinyyyy

  • one year ago

How is this?

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  1. Destinyyyy
    • one year ago
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    As specified in the Microeconomics textbook the reason why nations/countries are poor while others are rich is because of ownership and economic freedom. These two elements are vital to the success of nations, without ownership people do not have the need or will to work. Since individuals in these nations that are poor have no ownership, they have no desire to care for anything. If they did own it like a car, house or property it would be well taken care of and treasured. An example can be the ocean/sea since no one owns this type of property fishermen can fish as much as they want and wherever, people can also dump whatever they want into or near the ocean and this can cause harm to the sea life and creatures. Also with ownership individuals have the right to trade, sell and rent whenever and to whomever they want without interference or restrictions from their government or others. With these two factors nations can succeed.

  2. KyanTheDoodle
    • one year ago
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    Has a few grammatical errors, but other than that, you're good.

  3. Destinyyyy
    • one year ago
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    Where?

  4. KyanTheDoodle
    • one year ago
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    Here. As specified in the Microeconomics textbook, the reason why nations/countries are poor while others are rich is because of ownership and economic freedom. These two elements are vital to the success of nations. Without ownership, people do not have the need or will to work. Since individuals in these nations that are poor have no ownership, they have no desire to care for anything. If they did own something, like a car, house, or property, it would be well taken care of and treasured. An example can be the ocean/sea. Since no one owns this type of property, fishermen can fish as much as they want and wherever. People can also dump whatever they want into or near the ocean. This can cause harm to the sea life and creatures. With ownership, individuals have the right to trade, sell, and rent whenever and to whomever they want without interference or restrictions from their government or others. With these two factors, nations can succeed.

  5. Destinyyyy
    • one year ago
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    Thank you!! :)

  6. KyanTheDoodle
    • one year ago
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    No problem.

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