Absence of enforcement of contracts would encourage economic development, because people would be more willing to incur risks if they did not have to worry about getting sued.

Question

Quizplus · Accepted Answer

Enforcement of contracts is crucial for economic development as it ensures that parties adhere to agreements, reducing uncertainty and fostering trust in economic transactions. Without enforcement, the risk of non-compliance increases, discouraging investment and economic activity.

Absence of Enforcement of Contracts Would Encourage Economic Development, Because