Property rights that are not well-defined encourage:

Question

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When property rights are not well-defined, individuals may not be clear about what they own or what they are responsible for, leading to free riding behavior where individuals consume or use resources without paying for them. This can lead to a tragedy of the commons where the resources are overused and depleted. This does not necessarily lead to high rates of economic growth or protection of natural resources, and while an unequal distribution of wealth can result, it is not a direct result of undefined property rights.

Property Rights That Are Not Well-Defined Encourage