In Tenatia, a country in Eastern Europe, companies and people can own land and equipment. They have the liberty to decide how to utilize these resources and reap the returns or losses of business activities. Given this information, it can be said that the companies and the people in Tenatia have _____.

Question

Quizplus · Accepted Answer

The ability to own land and equipment, decide on their use, and enjoy the benefits or bear the losses of business activities are characteristics of property rights. This includes the legal rights to use, transfer, and derive income from property.

In Tenatia, a Country in Eastern Europe, Companies and People