Property rights have a positive effect in a market economy because they encourage owners to maintain their property.

Question

Quizplus · Accepted Answer

Property rights give owners the legal right to control, use, and dispose of their property as they see fit. Since they are the sole owner, they have a financial incentive to protect and improve their property. They are more likely to invest in maintenance, repairs, and upgrades to ensure their property retains its value. This, in turn, leads to a more productive and efficient economy as property owners are motivated to use their resources effectively.

Property Rights Have a Positive Effect in a Market Economy