If property rights are poorly defined

Name: If property rights are poorly defined
Brand: Quizplus
Rating: 5.0 (53 reviews)

Question

Quizplus · Accepted Answer

Poorly defined property rights lead to disputes about ownership, which wastes time and energy that could have been spent producing goods and services. This hinders economic growth and often results in involuntary exchanges. However, the lack of well-defined property rights does not necessarily mean that no one can own property or that there can be no consumer or producer surplus.

If Property Rights Are Poorly Defined