Possession protection of property rights
Why possession protection of property rights and private property promotes the market system?
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The possession of protection of property rights and private property promotes innovation, investment, consequently economic growth also. Property rights promote the maintaining of the property and they facilitate the exchange of the property.
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Perfect competition is characterized by all of the following except w) heavy advertising by individual sellers. x) homogeneous products. y) sellers are price takers. z) a horizontal demand curve for individual sellers. Q : Technology in production Drawing a Drawing a production possibilities frontier needs the supposition that: (1) Decision makers encompass discretion over resource accessibility. (2) Technology is constant. (3) Income is fairly distributed. (4) Resources are considerably diverse. (5) At least three goods
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