It’s not another way it’s an example of the same way.
Property rights are a common agreement. Certain individuals own certain things. If an individual violates that agreement about who owns what, they get punished.
For environmental pollution the system is cap-and-trade.
As far as big pharma goes patents are also a crucial part of the system.
It’s not another way it’s an example of the same way. Property rights are a common agreement. Certain individuals own certain things. If an individual violates that agreement about who owns what, they get punished.
For environmental pollution the system is cap-and-trade.
As far as big pharma goes patents are also a crucial part of the system.