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In many European nations, the title to agricultural property is not known because there are no official records indicating who has title. This detracts from the incentive to engage in economic activity. What is causing this lack of incentive?

Sagot :

Anthougoidn

The cause of this lack of incentive to engage in economic activity is the lack of legalized property rights.

What are property rights?

Property rights establish the resources ownership and control. Generally, legalizing property rights recognize the the rights of:

  • Possession
  • Control
  • Exclusion
  • To derive income
  • Disposition.

Thus, having official records indicating agricultural property rights will encourage Europeans to engage in economic and agricultural activities.

Learn more about legalizing property rights at https://brainly.com/question/913138

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