What do property rights refer to?
A)a document stating the rights of ownership that accompany owning property
B)the ability of people to exercise authority over the resources they own
C)the right of the government to exercise authority over property owners
D)the fact that some countries have greater natural resources

Question

Quizplus · Accepted Answer

Property rights refer to the ability of individuals or organizations to exercise control over a particular resource or asset that they own. This includes the right to use, sell, or transfer the resource as they see fit, without interference from others. It is an important concept in economics, as it enables individuals to make informed decisions about how to allocate their resources, and provides a framework for protecting property from theft or expropriation.

What Do Property Rights Refer To