Wiktionary
n. (context legal English) The exclusive rights pertaining to the ownership of a given piece of property.
Wikipedia
Property rights are theoretical socially-enforced constructs in economics for determining how a resource or economic good is used and owned. Resources can be owned by (and hence be the property of) individuals, associations or governments. Property rights can be viewed as an attribute of an economic good. This attribute has four broad components and is often referred to as a bundle of rights:
- the right to use the good
- the right to earn income from the good
- the right to transfer the good to others
- the right to enforce property rights
In economics, property is usually considered to be ownership ( rights to the proceeds generated by the property) and control over a resource or good. Many economists effectively argue that property rights need to be fixed and need to portray the relationships among other parties in order to be more effective.
Usage examples of "property rights".
I don't see how any judge will be able to untangle any property rights out of it—.
And she asked Eden to wheel the chair closer, and she sat down, obviously fatigued, took the pen and signed away their property rights in the slave girl.
If Edward did not see the dangers, if he remained confused over property rights and outmoded biblical quotations and the prosperity of his family at the expense of slave labor, she must be tolerant until such time as he, and other Quakers, saw what she saw.
In the fifteenth century the Pope deeded the entire western hemisphere to Spain and Portugal and nobody paid the slightest attention to the fact that the real estate was already occupied by several million Indians with their own laws, customs, and notions of property rights.
At that time he fully realised all the cruelty and injustice of private property in land, and being one of those to whom a sacrifice to the demands of conscience gives the highest spiritual enjoyment, he decided not to retain property rights, but to give up to the peasant labourers the land he had inherited from his father.