Property rights are _____. agreements enforceable by law privileges to decide how resources are used legal obligations to repay a debt
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the rights to buy and keep posetions that belong to you without someone taking them
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Property rights are law privileges to decide how resources are used.
A resource can be owned by any one like individual, association or by a government bu the rights over a property is viewed as an accredit of an economic good.
Property right refers to some rights of usages like
- Right to earn income from the resource
- Rights to transfer goods to other from the resource
- Rights to use the goods from the resource.
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