The market system meant for protection of property rights and also : Provide an incentive to maintain property and allow for the orderly transfer of property ownership.
What is market system?
The market system is a system that allows free trade of goods and services. This means that both business, producers and consumers have equal share in a market system.
In a market system, the production of goods and services are set according to the changing desires and abilities of the market forces.
Therefore, the market system depends on private property and the protection of property rights to provide an incentive to maintain property and allow for the orderly transfer of property ownership.
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