How are private property rights related to the system of capitalism?

Private property promotes efficiency by giving the owner of resources an incentive to maximize its value. The more valuable a resource, the more trading power it provides the owner of the resource. This is because, in a capitalist system, someone who owns property is entitled to any value associated with the property.

Private property promotes efficiency by giving the owner of resources an incentive to maximize its value. The more valuable a resource, the more trading power it provides the owner of the resource. This is because, in a capitalist system, someone who owns property is entitled to any value associated with the property.

Explanation:

codfish influenced the yankee trade because they traded it with the americans and the americans traded livestock, molasses and stuff that they can make clothes out of (like wool, and leather). they also could make weapons to.