Property Rights and Legal Implications
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Questions and Answers

Why is private property essential to economic justice?

  • Private property allows individuals to own shares in a corporation.
  • Private property ensures equal distribution of wealth.
  • Private property decentralizes economic power. (correct)
  • Private property concentrates power in the hands of the collective.

    • What is the primary social 'link' between a human being and the process of producing and distributing wealth, according to the text?

  • The ownership of land
  • The ownership of property (correct)
  • The ownership of shares in a corporation
  • The ownership of machinery

    • What is the best safeguard against the corruptibility of concentrated power?

  • Democratizing power
  • Collective ownership
  • Individual ownership
  • Decentralized power (correct)

    • Property in law refers to

    <p>The rights, powers, and privileges an individual enjoys in his relationship to things</p> Signup and view all the answers

    What are the rights of property under the law?

    <p>Possessing, excluding others, disposing or transferring, using, enjoying the fruits, profits, product or increase, destroying or injuring</p> Signup and view all the answers

    What is the most important instrument for organizing private property rights in the means of production?

    <p>Corporate equity represented by shares of common stock</p> Signup and view all the answers

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