Answer:
The answer is below
Explanation:
The classification of property rights regimes is based on the OWNERSHIP.
There are four different types of property-rights regimes based on ownership with each type having its owners' rights, duties, and access. This includes the following:
1. Private Property owned by an individual can be accessed by the permission of the owner only.
2. Common property (public closed access): owned by collective individuals and can be accessed by the permission of the members only.
3. State Property: owned by the government and can be accessed by everybody
4. Open Access Resources: owned by nobody, and can be accessed by everybody.
