Answer to Question #65732 in Other Economics for kt

Question #65732
Which best explains why property rights are necessary in a free-market system? Market forces only work when everyone owns some property. Property rights allow consumers and producers to make free choices. Competition cannot exist if some own property and others do not. The government cannot plan an efficient economy without passing laws.
1
Expert's answer
2017-03-03T10:37:05-0500
Property rights allow consumers and producers to make free choices.

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