“Importance of Property Rights Understanding the concept of property makes an individual able to economize more effectively and increase the productivity and value of his time. By investing his labor in the production of durable goods, man is able to draw on their services for longer, lowering his time preference in the process and learning to prioritize the future more.”
Principles Of Economics by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak