A reliable system of property rights and enforceable contracts are prerequisites for creating incentives that support a healthy market economy.

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A clear and secure system of property rights and enforceable contracts are essential to encourage investment, innovation, and economic growth. When people are confident that their property rights will be respected and contracts will be upheld, they are more likely to engage in productive activities, trade, and investment, which stimulate economic development. Without such security, individuals may be hesitant to invest or make long-term plans, ultimately leading to a less dynamic and less prosperous economy.

A Reliable System of Property Rights and Enforceable Contracts Are