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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