Strong legal protection of property rights is a requirement for a business environment to be conducive to innovation,entrepreneurial activity,and hence economic growth.

Question

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Strong legal protection of property rights ensures that businesses can safely invest in and develop their own ideas, products, and services without fear of theft or infringement. This fosters innovation and entrepreneurial activity, which leads to economic growth. Without such protection, businesses may be hesitant to invest in risky innovative activities, which can inhibit economic growth.

Strong Legal Protection of Property Rights Is a Requirement for a Business