Review:
Property Rights
overall review score: 4.5
⭐⭐⭐⭐⭐
score is between 0 and 5
Property rights are the legal rights to possess, use, and dispose of property. These rights provide individuals with control over their possessions and are essential for a functioning economy.
Key Features
- Ownership
- Use rights
- Transfer rights
- Exclusion rights
Pros
- Provide individuals with security and incentive to invest in and improve property
- Promote economic growth and development
- Help prevent disputes over ownership
Cons
- Can lead to inequality if not properly regulated
- May limit access to resources for marginalized communities