Private property rights:

Question

Quizplus · Accepted Answer

Private property rights allow individuals to own and control their resources, which is necessary for trade to occur. It provides individuals with the incentive to invest their resources in creating goods and services that others want or need. Without private property rights, it would be challenging to establish ownership of resources, which would hinder trade and progress. Private property rights do not guarantee that people will have everything they want or need or discourage them from working hard or engaging in free trade.

Private Property Rights