Private property rights mean that ________.
A) individuals can own businesses and assets, and their ownership is secure
B) individuals have a right to elect their representatives in the government
C) the government does not own any resources used in production in an economy
D) individuals cannot be excluded from the consumption of goods and services regardless of whether they pay for them

Question

Quizplus · Accepted Answer

Private property rights refer to the legal ownership of assets and businesses by individuals, giving them the right to control, use, and dispose of their property as they see fit, without interference from others or the government. This means that individuals can own businesses and assets, and their ownership is secure.

Private Property Rights Mean That ________