Question

Property rights are theoretical elements in economics for determining how a resource is used and owned. Resources can be

Answer 1

There are four parts to property rights are namely the right to use the good, the right  to transfer the good to others, the right to enforcement of property rights, and the right to earn income from the good .

Option C

Explanation:

Property rights are abstract and legally regulated legal buildings for deciding which property or economic goods are used and held. Property rights may be owned by (and therefore belong to) individuals, organizations, collectives. This characteristic comprises four wide elements and is frequently called a bundle of rights.

1. The right to make use of the good
2. The right to earn an income from the good
3. The right to transfer the good to someone else, change it, give up it or destroy it (the right to cease ownership)  
4. The right to implement property rights.

Throughout economics, the land is normally considered to be owned by an asset or good (rights on the income obtained from property). In fact, several economists argue that ownership rights must be fixed and relations between other parties represented in order to be more efficient .