Requires laws that establish and protect property are

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: ple in similar situations be treated similarly. • Requires – Laws that establish and protect property are enforced – Private property can be transferred only by voluntary exchange Market Alternatives Market • • • • • • • Command Majority rule Contest First-come, First-served Lottery Personal characteristics Force...
View Full Document

This document was uploaded on 03/14/2014.

Ask a homework question - tutors are online