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    Allocation of resources and the distribution of income

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    Why is a system of well-defined and enforceable property rights crucial when a country is converting to a market-based system of resource allocation? Can someone please explain this to me. Thank You.

    © BrainMass Inc. brainmass.com April 3, 2020, 6:38 pm ad1c9bdddf
    https://brainmass.com/economics/income-distribution/allocation-of-resources-and-the-distribution-of-income-219402

    Solution Summary

    Allocation of resources and the distribution of income are assessed.

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