Property rights are essential to a free-market principle because it gives the owners of their property full control over its use. This full control enables property owners to use their resources in the most efficient way possible, and maximize the total benefit of these resources.
When property rights are not guaranteed, the free-market system suffers significantly. When people to not have fulls rights to their earned property, and also have the ability to claim/steal the property of others, an efficient free market system is impossible.
Answer: personal, social, cultural and economic
Answer:
North Atlantic Treaty Organization (NATO), 1949. The North Atlantic Treaty Organization was created in 1949 by the United States, Canada, and several Western European nations to provide collective security against the Soviet Union.
