The term "property rights" refers to
A)the physical possession of a house or any other property which the owner legally purchased.
B)the ability to exercise control over one's own resources within the confines of the law.
C)the government's right to appropriate land from wealthy land owners to redistribute to peasants.
D)the right of a business not to have its assets confiscated by the government in the event that the business is accused of committing fraud.

Question

Quizplus · Accepted Answer

Property rights refer to the legal rights an individual has to control and use their own resources, including tangible or intangible items such as land, buildings, personal possessions, and intellectual property. These rights are recognized and enforced by the government and often include the right to sell, rent, or transfer ownership of the property. Option A only refers to physical possession and not legal rights, while options C and D are incorrect interpretations of property rights.

The Term "Property Rights" Refers to