March 4, 2019 3:41 PM EST
Private property makes borrowing possible and investing attractive of research paper writer . If you own property, you can use the property as collateral (a guarantee of repayment), if you need to take out a loan. If you want to invest in a business, there will be a record of your investment to prove that you are an owner. Both these activities—borrowing and investing—are much more difficult in a command or a socialist economy, if they happen at all.