A property right is
A)any commodity or token that is generally acceptable as a means of payment.
B)an economic unit that hires factors of production and organizes those factors to produce and sell goods and services.
C)any arrangement that enables buyers and sellers to get information and to do business with each other.
D)a social arrangement that governs the ownership,use,and disposable of anything that people value.
E)a medium of exchange.

Question

Quizplus · Accepted Answer

A property right is a social arrangement that governs the ownership, use, and disposal of anything that people value. It involves the rights and responsibilities that come with ownership, such as the right to use, exclude others, transfer, and derive income from the property.

A Property Right Is