Microeconomics Study Set 17
Private Property Rights Imply That People Can Own Things, and They
Private property rights imply that people can own things, and they can do what they want with what they own even if they infringe on the private property rights of others.
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When private property rights in a country are not secure, people cannot use their property as collateral for loans.
The greater the economic freedom in a country, the higher is the index of human development.
The primary goal of economics is to help people make money.
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