The _______________________ decisions of a society determine the property rights over the resources in a society.
A)resource ownership
B)resource allocation
C)resource income
D)resource transfer

Question

Quizplus · Accepted Answer

Resource ownership decisions determine who owns the resources in a society and thus who has the property rights over them. Resource allocation decisions determine how these resources are distributed among different individuals and entities. Resource income decisions determine how income is generated from the resources, and resource transfer decisions determine how the ownership of resources can be transferred from one individual or entity to another. Among these options, resource ownership decisions are the most directly relevant to determining property rights.

The _______________________ Decisions of a Society Determine the Property Rights