Which of the following term is used to refer to the ability of people to exercise authority over the…
In economics, 'Property rights' refer to the legal and institutional ability of individuals to exercise authority and control over the scarce resources they own.
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Which of the following term is used to refer to the ability of people to exercise authority over the resources they own ?
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Correct answer B
In economics, 'Property rights' refer to the legal and institutional ability of individuals to exercise authority and control over the scarce resources they own.
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RPSC Assistant Professor (College Education)