Lexeme: property right  
Inferred
Definition:
  1. noun. Property rights refer to the legal ownership and control that individuals or entities have over tangible and intangible assets. These rights entitle owners to possess, use, and transfer assets, as well as exclude others from using or accessing them without permission. Property rights are an essential aspect of a well-functioning market economy, as they provide individuals and businesses with incentives to invest in and utilize resources efficiently, protect against theft or unauthorized use, and facilitate trade and economic growth. Depending on the jurisdiction, property rights may include ownership rights, lease rights, intellectual property rights, and rights related to natural resources. GPT3.5
Word Forms:
  • noun. property right (singular), property rights (plural)
Synonyms:
(none)
Abstraction:
Composition:
(none)
Properties:
(none)
Basic Categories:
Related Concepts:
(none)
Policy Examples:
(none)
(Feedback)


Carnegie Mellon University | Privacy Policy