propertyright
Property right refers to the legal rights that individuals or entities hold over tangible or intangible assets, granting them control, use, and transfer of those assets. These rights establish the legal framework for ownership and are fundamental to economic activity, property law, and resource management.
Property rights can be categorized into three main types: private, public, and common property. Private property
Clear property rights are essential for economic development because they incentivize investment and innovation by securing
Property rights involve various elements, including rights of possession, use, exclusion, and transfer. These elements are
In addition to legal aspects, property rights intersect with social and cultural norms, shaping behaviors and
Overall, property rights serve as a foundational concept in law and economics, influencing how resources are