People often have property rights. we can expect economic growth to increase due to an upward movement along the production function.
<h3> </h3><h3>What is property rights?
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- Property rights is known to be the theoretical and legal ownership of some specific resources and how one can use them.
In economics, property rights is known to be the basis for all kinds of market exchange, and the sharing of property rights in a society influences the efficiency of resource use.
Conclusively, the stronger or the increase in the set of property rights, the more increase the zeal to work, save, and invest, and this in turn leads to a more better operation of the economy system.
See options below
decrease; downward movement along
increase; upward movement along
decrease; downward shift of the
decrease; movement up along
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Answer:
Takeoff
Explanation:
Is the third stageof economic development in which rapid economic growth occurs, theeconomy diversifies from few industries to several industries.
Answer and Explanation:
In the monopolistic market structure, there are many producers, sellers and consumers due to which the business does not have total control over the price of the market. In this market structure, there are barriers to entry and exit
As in this market structure, there are a various product that is differentiated that results in non-perfect elastic demand. Also, every firm has their own prices and products so the demand curve should be downward sloping
Explanation:
D.
the time during which a workflow is interrupted