What do property rights refer to?
A) a document stating the rights of ownership that accompany owning property
B) the ability of people to exercise authority over the resources they own
C) the right of the government to exercise authority over property owners
D) the right to use a common property

Question

Quizplus · Accepted Answer

Property rights refer to the ability of people to exercise authority over the resources they own. This means they have the right to use, control, and transfer property as they see fit. It also includes the right to exclude others from using their property without permission. Property rights are an important aspect of a market economy as they provide individuals with incentives to invest in and care for their property.

What Do Property Rights Refer To