Secured and enforced individual property rights provide individuals with incentive to allocate resources efficiently and effectively,advance technologically,take on strategic risks and trade domestically and internationally.

Question

Quizplus · Accepted Answer

Secured and enforced individual property rights give individuals the assurance that they can enjoy the benefits of their investments and efforts. This provides an incentive for individuals to allocate resources efficiently and effectively, as well as to innovate and take strategic risks. It also allows individuals to trade domestically and internationally with confidence, knowing that their property rights are protected. Therefore, this statement is true.

Secured and Enforced Individual Property Rights Provide Individuals with Incentive