Question

Which of the following best explains why property rights are necessary in a

Answer 1

Answer:

A. Property rights allow consumers and producers to make free

choices.

Explanation:

If the consumers and the producers have the properties, then only they can say that well this is free for you, or in other words, can make the free choices. And by no means market forces only work when everyone owns some property, as some also cannot have the property, and hence work hard to earn some property, and thus the Market force does work. And the laws have nothing to do with the free market or the non-free market. And as we saw above, the competition can exist if someone owns the property, and others do not. Hence, the correct answer is A.