Question

Do traditional economic systems have property rights ?

Answer 1

Yes, traditional economic systems typically have property rights. Property rights are an important part of economic systems, as they provide incentives for people to invest in and create wealth. Property rights also help to ensure that resources are used efficiently and that people are able to benefit from the fruits of their labor.

Answer 2

In traditional economies, everyone apart of the community owns and uses land together. So, things like property rights aren't relevant to economies like this. Many of the goods and services in a market economy are privately-owned