Asked by
Dorian Pride
on Nov 16, 2024
Verified
Other things the same, an economy's factors of production are likely to be used more effectively if there is an economywide respect for property rights.
Factors Of Production
The inputs used to produce goods and services
Property Rights
The ability of an individual to own and exercise control over scarce resources.
- Comprehend the significance of property rights and the role of government policies in the growth of the economy.
Verified Answer
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Learning Objectives
- Comprehend the significance of property rights and the role of government policies in the growth of the economy.
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