Legal and social rules that affect the ownership of property are:
A) property rights.
B) the coincidence of wants.
C) the division of labor.
D) the freedom of enterprise.

Question

Quizplus · Accepted Answer

Property rights refer to the legal and social rules that affect the ownership of property. These rules determine how property can be acquired, used, transferred, and protected. They also establish the obligations of the property owner towards others, and the rights of others towards the property owner. The other choices are economic concepts that are not directly related to property ownership.

Legal and Social Rules That Affect the Ownership of Property