Secure property rights promote economic progress because they

a. encourage individuals to produce efficiently and undertake productive activities.

b. weaken the incentive to take actions that increase the value of resources.

c. transfer the costs of a decline in property value to the government.

d. discourage property owners from engaging in activities that provide value to others.

Question

Business

Ashley Marks

5 May, 16:44

Secure property rights promote economic progress because they

a. encourage individuals to produce efficiently and undertake productive activities.

b. weaken the incentive to take actions that increase the value of resources.

c. transfer the costs of a decline in property value to the government.

d. discourage property owners from engaging in activities that provide value to others.

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Answers (1)

Know the Answer?

Isabela Stuart · Answer 1

The correct answer is a. encourage individuals to produce efficiently and undertake productive activities.

Explanation:

The right to property is the legal and immediate power that a person has to enjoy, dispose and revindicate on an object or property, without affecting the rights of others or exceeding the limits imposed by law.

The property right covers all material assets that may be appropriate, useful, of limited existence and that may be occupied.

That is, if a person owns a space of land in which a sweet potato crop grows, therefore he owns the sweet potatoes that are harvested there and can do with them what seems most convenient, that is, sell them, give them away or donate them, always within the framework that limits the law.