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03

Property Rights

   
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Title: Property Rights
 
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Subject: Miscellaneous
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Date: April 28, 1997
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Length: 4 / 974
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Protecting intellectual property also poses problems because it is very hard to trace such property’s use. In any case, the fact remains that effective protection of property is the only way to ensure that individuals are able to make the most efficient use of what they own, which in turn promotes economic growth and prosperity for all...
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For individuals to work, save, and invest, and for firms to begin operations or expand existing activities, they need to be secure in the knowledge that they will be the full owners of their property and that nobody will take it from them. The greater the protection of property, the more individuals and firms will embark on all sorts of economic activities, thereby propelling economic growth...
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