Property rights are not necessary for a market economy to function.

Name: Property rights are not necessary for a market economy to function.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Property rights are a fundamental principle of a market economy as they allow individuals and businesses to own and control resources, which they can then exchange in the market. Without property rights, there would be no way to establish ownership and exchange resources, thus hindering the functioning of a market economy.

Property Rights Are Not Necessary for a Market Economy to Function