What do you think i the ditinction between property categorized a public domain and private domain? A. Public domain refer to property owned by the tate while private domain refer to property owned privately. B. Private domain i governed by rule regulating privately owned property. C. The tate cannot impoe any charge with repect to exploitation of public domain. D. Public domain i not ubject to acquiition by poeion in good faith. E. All

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16-12-2022
Law

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What do you think i the ditinction between property categorized a public domain and private domain? A. Public domain refer to property owned by the tate while private domain refer to property owned privately. B. Private domain i governed by rule regulating privately owned property. C. The tate cannot impoe any charge with repect to exploitation of public domain. D. Public domain i not ubject to acquiition by poeion in good faith. E. All

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akursharma9034 akursharma9034 · Answer 1 · 2022-12-20T23:27:42-05:00

Private property rights are crucial to a capitalist economy's operation and to its legal protections.

The necessity for capitalist trade would not exist in a society where people could simply take from others what they desire through force or the threat of force; instead, property rights provide a legal framework for prosecuting violence against coercive methods of resource acquisition. Most political theorists and almost all economists agree that capitalism is the most efficient and productive form of trading. By giving resource owners an incentive to raise the value of their holdings, private property promotes efficiency. A resource is more valuable to its owner the more trading power it provides. In a capitalist economy, this is done to ensure that property owners are entitled to any value that is associated with their property.

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