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Private property, and the protection of property rights

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Why is private property, and the protection of property rights, so crucial to the success of the market system?

Please explain in at least 200 words.

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The response addresses the queries posted in 339 words with references.

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The response addresses the queries posted in 330 words with references.

// Private property rights are very much essential for individuals and business entities to protect their investment & inventions from other individuals with regards to copying. The following paragraph discusses about the importance of private property rights and its role in the success of business system. //

Private property rights are recognized and accepted all over the world due to their importance with regards to protect individual or group (company) property in relation with markets circumstances. ...

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Ashish Sharma, MBA (IP)
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  • MBA (IP), International Center for Internationa Business
  • BBA, University of Rajasthan
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