If clearly defined property rights did not exist,there would be no incentive for trade or produce more than could be protected by theft.

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Clearly defined property rights create incentives for individuals to engage in productive activities and trade, as they know that their efforts and possessions are protected from theft or unauthorized use. Without such rights, individuals may avoid engaging in productive activities or only produce enough goods for their immediate needs, as they cannot be sure that their property will not be taken by others.

If Clearly Defined Property Rights Did Not Exist,there Would Be