The three main characteristics of an efficient property rights structure: exclusivity, transferability, and enforceability.
In standard economics, property rights refer to a bundle of entitlements defining an owner's rights, privileges and limitations to the use of a resource.
Property rights terms refers to social institutions and to not any inherent natural or physical qualities of the resource.
Exclusivity: All the prices and benefits from owning a resource should accrue to the owner.
Transferability: All property rights should be transferable from one owner to a different in an exceedingly voluntary exchange.
Enforceability: Property rights should be secure from seizure or encroachment by others.
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A nonmaterial culture would be c. socialism
Answer:
c. Thermal energy
Explanation:
Thermal energy: The term "thermal energy" is also referred to as "heat energy" and is produced when there's an increase in temperature that causes the molecules and the atoms to move faster or with increased speed and collide with one another. Therefore, the energy that arises from the temperature related to the the "heated substance" is referred to as thermal energy.
In the question above, the given statement represents "thermal energy".
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