Property rights have been determined to be a major factor that helps countries sustain economic growth. Governments can change l

Question

Archy [21]

3 years ago

6

Property rights have been determined to be a major factor that helps countries sustain economic growth. Governments can change l

aws and policies in order to give individuals and firms more freedom. By doingâ€‹ so

Law

1 answer:

laiz [17] · Answer 1 · 2022-05-29T00:35:29+03:00

Answer:

<h3>the government gives entrepreneurs the right to purchase capital i.e.,land which can be used to sustain economic growth.</h3>

Explanation:

If governments can relax property rights and change the laws and policies of property rights in order to give individuals and firms more freedom, it will have a great impact in the economic growth of the country.

This is because if individuals or firms can purchase capital such as land, it will induce the entrepreneurs to take more risks to create new products, ideas, and more technology. Land can be used as an asset to mortgage or to avail loans to enhance productivity of the firms.