Legally established titles to ownership,use,and disposal of factors of production and goods and services,are called ________ rights.
A) government
B) pollution
C) property
D) inefficient
E) private

Question

Quizplus · Accepted Answer

Property rights refer to the legally established titles to ownership, use, and disposal of factors of production and goods and services. This includes the rights of individuals and businesses to own property, to use it as they see fit, and to dispose of it as they choose. Private property rights are the foundation of a market economy and play a critical role in promoting economic growth and development. Without effective property rights, economic actors cannot make long-term investments and engage in productive activities that lead to economic growth and prosperity.

Legally Established Titles to Ownership,use,and Disposal of Factors of Production