Good institutions must include the enforcement of property rights.

Name: Good institutions must include the enforcement of property rights.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Property rights ensure individuals and businesses can legally own and control assets, which is essential for economic growth and development. Without property rights, there is no guarantee of ownership, leading to a lack of investment and entrepreneurial spirit, hindering economic progress. Therefore, enforcing property rights is crucial for good institutions.

Good Institutions Must Include the Enforcement of Property Rights