Legally established titles to ownership, use and disposal of factors of production and goods and services are called ________ rights.
A) government
B) property
C) pollution
D) inefficient
E) private

Question

Quizplus · Accepted Answer

Property rights refer to the legal establishment of ownership, use, and disposal of factors of production and goods and services. Other choices such as government rights, pollution rights, and inefficient rights are not recognized legally as categories of rights. Private rights are similar to property rights and could also be correct, however, property rights is a more specific and commonly used term in economics.

Legally Established Titles to Ownership, Use and Disposal of Factors