Answer to Question #254155 in Sociology for Priscy

Question #254155
The principle of inheritance, succession and residence have the propensity to impact kin relationship in traditional societies
Expert's answer

Inheritance and succession advise property upon those who have not rightfully earned it by selling their factors of production but rather as a result of a mere chance. This is likely to disrupt the economic equilibrium of the society achieved by the interaction of the market forces thus hindering efficiency. In a free market economy, therefore, inheritance and succession contradict its principles and objectives as it opposes the notion of meritocracy. The principle of inheritance, succession and residence impacts to the society by figuring out potential heirs and intestate succession, however the testator wishes to as long as it is permissible by the law. The principles can also encourage individual responsibility in order to provide for dependents.

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