Question

In a market economy, Arthur understands that one of the responsibilities of government is to maintain the physical assets of his business, including his storefront and merchandise. This is MOST likely an example of which function of government?

(1 point)

Provision of public services


Protection of property


Regulation of markets


Management of economy

Answer 1

Protection of property — the government enforces property rights and laws that safeguard a business’s physical assets (storefront, inventory) from theft, damage, or unlawful seizure.