In a mixed market economy, property owned by an individual:

In a mixed market economy, property owned by an individual:

A. can be used by all citizens.

B. can be run by a city or state.

C. can help promote personal wealth.

D. can be used by government workers.

Answer: C. can help promote personal wealth.

In a mixed market economy, privately owned property may enhance individual prosperity. Assets held by individuals rather than the government are called private property. These include land, structures, resources and technologies as well. Individuals and companies are more likely to benefit from their own private property when they have the right to use, develop, and derive value for these properties.

For instance, an individual with land can construct apartments or retail establishments on that area. They can generate income through renting or selling the property. Gaining returns from a privately owned asset is the incentive to grow their property and ensure that it increases its economic value. This in fact can create personal wealth for the owner. In the same way, a firm that has exclusive technologies can manufacture commodity and equate revenues on such innovations to building their company wealth for those owners.

Through the existence of private property rights, a mixed economy creates monetary motivation for individuals to collect and productively use resources privately. Even though governments in mixed economies also own common property, the right to hold as one’s, and control private assets is an important characteristic that might lead towards individual riches. In a mixed economy, individuals become wealthy owners of income producing assets.