Use the economic way of thinking to answer two of the following three questions

If Americans decided to reduce their consumption of beef substantially, then there would be a substantial decrease in the size of the population of cattle. A decline in demand for meat would have the effect of inducing a reduction in the supply of beef which would translate into farmers keeping less number of cattle. Such a phenomenon is in agreement with the economic laws of demand and supply. A decrease in demand for commodity always has the effect of discouraging the supply of the product and vice versa

Private ownership allows people to do what they please with their property. Ownership entails total control over the usage of a property. The absolute control over property is what makes private ownership relevant. Otherwise, it would make no difference if a person owns something subject to limitations on what they want to do with it. In a capitalist society, private ownership means a person can decide to sell, lease or even give out their property. Thus there is no government control over people?s property.