Private Property Rights

Private property rights refer to the legal entitlements individuals have to own, use, and transfer property. These rights allow a person to control their belongings—be it land, a house, or personal items—without interference from others or the government. Private property rights are essential for economic freedom, encouraging investment and responsible management of resources. When people have secure ownership, they are more likely to engage in trade and make improvements, fostering overall economic growth and stability. In essence, these rights protect personal investments and promote a thriving society by ensuring that ownership is respected and enforced.