One of the hindrances to economic progress in poor countries may be:
A) the lack of secure property rights
B) the presence of secure property rights
C) the lack of tort law
D) the presence of an overly strict tort law
E) the inability to establish trusts

Question

Quizplus · Accepted Answer

Lack of secure property rights can lead to a lack of investment and entrepreneurship as individuals may not want to risk investing in property or starting a business if their property or assets can be taken away without compensation. This can hinder economic progress in poor countries. The presence of secure property rights, on the other hand, can provide a foundation for economic growth and development.

One of the Hindrances to Economic Progress in Poor Countries