Why is the institution of private property in capitalism a, Business Economics

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Why is the institution of private property in capitalism a

1. Why is the institution of private property in capitalism a source of economic growth?

2. Give three reasons why economist advocate for "free trade"?

3. Why do governments prefer tariffs while foreign producers prefer quotas?

4. Why do international trade associations such IMF, World Bank, WTO exist? What effect do they have on international trade?

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Business Economics: Why is the institution of private property in capitalism a

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