An important role for government in the economy is to define, establish, and enforce property rights. A property right to a good or service includes the right to exclude others from using the good or service and the right to transfer the ownership or use of the resource to others.
Standard detail
2.
Benchmark
Depth 1Parent ID: 9622E4689DBC48B9AEBAC9EBC5B59837Standard set: Grades 9, 10, 11, 12
Original statement
Quick facts
- Statement code
- 2.
- List ID
- 2.
- Standard ID
- AC8623CE721D4621A8B3C51F609959F4
- ASN identifier
- S2604836
- Subject
- Economics
- Grades
- 09, 10, 11, 12
- Ancestor IDs
- 9622E4689DBC48B9AEBAC9EBC5B59837
- Source document
- Voluntary National Content Standards in Economics (2010)
- License
- CC BY 3.0 US