Which economic principle is violated by the idea of eliminating land ownership?

The idea of eliminating land ownership violates the principle of incentives for land improvement. When individuals or businesses own land, they possess a vested interest in maintaining, improving, or developing that property. Ownership creates a direct incentive for the landowner to enhance the value of their land, whether by cultivating crops, building infrastructure, or engaging in sustainable practices.

Without private ownership, individuals may lack the motivation to invest time and resources into land improvements since they would not directly benefit from the increases in value or productivity. This could lead to neglected properties and reduced overall investment in land development, which can negatively affect economic growth and resource management.

In contrast, while equity in resource distribution, market competition, and the possibility of private investments are important economic principles, they are distinct from the direct incentivization of land improvements that ownership provides.