Th4.3: ^^ Absence of Property Rights Flashcards
1
Q
What are property rights?
A
where individuals are allowed to own and decide what happens to certain resources
2
Q
What does a lack of property rights mean?
A
individuals and businesses cannot use the law to protect their assets, leading to reduced investment - unwilling to buy new machinery/factories
3
Q
What did the loss of property rights in Zimbabwe lead to?
A
economic collapse
