The social arrangements that govern the ownership, use, and disposal of property are referred to as
A) capitalism.
B) property rights.
C) the double coincidence of wants.
D) private enterprise.

Question

Quizplus · Accepted Answer

The social arrangements that govern the ownership, use, and disposal of property are referred to as property rights, which encompass both legal and social norms. Property rights regulate the relationship between individuals and their assets, and play a crucial role in the functioning of market economies. The other options (capitalism, double coincidence of wants, private enterprise) do not specifically refer to the arrangement of property ownership and use.

The Social Arrangements That Govern the Ownership, Use, and Disposal