Lecture 4 - Property Rights and Econ Org (Student)

Lecture 4 - Property Rights and Econ Org (Student) -...

Info iconThis preview shows pages 1–7. Sign up to view the full content.

View Full Document Right Arrow Icon
Lecture IV Property Rights and Economic Organization (Ch. 2 pp. 33-38 and 46-47)
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
The Importance of Property Rights Economic Organization Essentials for transition from command to market economy
Background image of page 2
True or False: Elephant populations are more likely to thrive in a country where: Elephants roam free and hunting is illegal Elephants can be legally hunted by tribes with regional property rights to the elephant herds.
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
I. The Importance of Property Rights Property Rights – the rights to _____, ________ and ________ the benefits from a good or service.
Background image of page 4
Private Property Rights 1. The right to _________ use of the property 2. ____________ against invasion from others who would seek to use or abuse the property without the owner’s permission. 3. The right to _______, ______, ________, or mortgage the property
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
(crucial for economic progress) 1. Private owners can _____ by employing their resources in ways that are beneficial to
Background image of page 6
Image of page 7
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 10/12/2010 for the course MKT 230 taught by Professor Holbein during the Spring '10 term at Kentucky.

Page1 / 15

Lecture 4 - Property Rights and Econ Org (Student) -...

This preview shows document pages 1 - 7. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online