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

Question

Quizplus · Accepted Answer

The term "property rights" refers to the social arrangements that govern the ownership, use, and disposal of property. This includes legal frameworks that protect the rights of property owners, regulate transactions involving property, and specify the procedures for transferring property from one owner to another. Private enterprise and capitalism are related concepts, but they refer more broadly to economic systems that are based on market exchange, competition, and profit-seeking behavior. The double coincidence of wants is a concept from barter economics, and while it is related to the issue of property exchange, it does not directly refer to the social arrangements that govern property ownership.

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