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Answer to Question #65732 in Economics for kt
Question #65732
Which best explains why property rights are necessary in a free-market system?
Market forces only work when everyone owns some property.
Property rights allow consumers and producers to make free choices.
Competition cannot exist if some own property and others do not.
The government cannot plan an efficient economy without passing laws.
Market forces only work when everyone owns some property.
Property rights allow consumers and producers to make free choices.
Competition cannot exist if some own property and others do not.
The government cannot plan an efficient economy without passing laws.
Expert's answer
Property rights allow consumers and producers to make free choices.
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