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.
The points on a production possibilities curve communicate to combinations of goods which: (1) Can’t be generated with no technological advances. (2) Utilize all resources fully and efficiently in the production. (3) Can be generated, however use economic capaci
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Economic efficiency needs that, relative to the other goods which different individuals might consume, the people who value exact goods relatively the most should own and/or use all goods. Such principle is termed as: (i) economic equity. (ii) allocat
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Question: To determine the real exchange rate, what two pieces of information do you need in addition to the nominal exchange rate? Answer: Q : Roundabout production Describe the Describe the merits of “roundabout” production? Describe the term “division of labor”?
Describe the merits of “roundabout” production? Describe the term “division of labor”?
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