The absence of well-defined and enforceable property rights often

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Without well-defined and enforceable property rights, individuals cannot use their assets as collateral for investment purposes. This inhibits investment, which can hamper economic growth and development. Without clear property rights, individuals may also be less likely to invest in improving their property or contributing to the good of the community, as they may not receive the full benefits of their efforts.

The Absence of Well-Defined and Enforceable Property Rights Often