Why is the right of private property an essential characteristic of a market system?

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asked Apr 11, 2019 136k views

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Yvoyer · Answer 1 · 2019-04-15T16:11:29+0000

Property rights: encourages people to invest in capital goods, they offer incentives for people to maintain their property, they also facilitate exchanges by making clear who owns a resource.

Why is the right of private property an essential characteristic of a market system?

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