Contracts define property rights

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Contracts define property rights. What is a contract and what is meant by property rights? How do poorly defined property rights limit the ability of two contracting parties to create economic value?

Reference no: EM131393514

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Contracts define property rights : Contracts define property rights. What is a contract and what is meant by property rights? How do poorly defined property rights limit the ability of two contracting parties to create economic value?

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