Question

Property rights are the right of the government to own, use, and dispose of resources in an economy.

a. True
b. False

Answer 1

The statement above is false.


Property rights allude to the hypothetical and lawful responsibility for property by people and the capacity to decide how such property is utilized. In numerous nations, including the United States, people for the most part practice private property rights – the privileges of private people to collect, hold, delegate, lease or offer their property. In financial matters, property rights shape the reason for all market trade, and the allotment of property rights in a general public influences the productivity of asset utilize.