Property Rights and Legal Implications

The relationships an owner acquires with respect to things

Material objects such as land and structures

The ability to control things in everyday life

The rights, powers, and privileges an individual enjoys in his relationship to things (correct)

Possessing, excluding others, and disposing or transferring

Using, enjoying the fruits, profits, product or increase, and destroying or injuring

Both A and B (correct)

None of the above

Land and structures

Shares of common stock (correct)

The ability to control things in everyday life

Ownership, risks, and profits

<p>To decentralize economic power through joint ownership</p> Signup and view all the answers

<p>Private property is a safeguard against the corruptibility of concentrated power</p> Signup and view all the answers

<p>Property in the means of production determines who has the right to share in profits</p> Signup and view all the answers