What is the relationship between property rights and economic progress? How impo

Business & Finance
Tutor: None Selected Time limit: 1 Day

What is the relationship between property rights and economic progress? How important are anti-corruption efforts in the effort to improve a country’s level of economic development?

Aug 11th, 2015

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Property rights are subjected as the human right to own, manage and utilise a private resource. The government protects private property and controls and regulates the acquiring, operating licences thus providing a conducive environment for economical growth. 

The government needs to enforce strict law to curb corruption.  When the economy is free of  corruption,  free and fair business activities can smoothly be ran, with everybody having equal chance in their country. Many unfair mismanagement of public funds results to unequal economic development within the country, marginalising some regions. Anti-corruption war ensures there is what  is referred to as inclusive economy.

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Aug 11th, 2015

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