Why Are Secure Property Rights Important for Economic Development

Multiple Choice

Why are secure property rights important for economic development?

A) Governments need to be able to make use of public lands for infrastructure projects.
B) Property owners need to be able to buy land in order to build factories or create large-scale farms.
C) Countries that are insecure and subject to invasions from neighboring countries are less likely to have the necessary economic and political environment for development.
D) When property owners think their assets are secure they are more likely to invest in improvements to their land.
E) Countries cannot develop economically without a clearly written democratic constitution.