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The property rights approach to the theory of the firm can thus explain pros and cons of integration in the context of private firms. Yet, it has also been applied in various other frameworks such as public good provision and privatization. [35] [36] The property rights approach has been
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
In response to the socialist critique, the Austrian School economist Ludwig Von Mises argued that private property rights are a requisite for what he called rational economic calculation and that the prices of goods and services cannot be determined accurately enough to make efficient economic calculation without having clearly defined private ...
The right to property is one of the most controversial human rights, both in terms of its existence and interpretation. The controversy about the definition of the right meant that it was not included in the International Covenant on Civil and Political Rights or the International Covenant on Economic, Social and Cultural Rights. [3]
A chemical element, often simply called an element, is a type of atom which has a specific number of protons in its atomic nucleus (i.e., a specific atomic number, or Z). [ 1 ] The definitive visualisation of all 118 elements is the periodic table of the elements , whose history along the principles of the periodic law was one of the founding ...
Depending on the nature of the property, an owner of property may have the right to consume, alter, share, rent, sell, exchange, transfer, give away, or destroy it, or to exclude others from doing these things, [2] as well as to perhaps abandon it; whereas regardless of the nature of the property, the owner thereof has the right to properly use ...
List of alchemical substances; List of chemical elements; List of minerals – List of minerals with Wikipedia articles; List of named alloys; List of straight-chain alkanes; Polyatomic ion – Ion containing two or more atoms; Exotic molecule – a compound containing one or more exotic atoms
In property law, economics and finance, the term "legal successor" may refer to a legally established successor of property rights (inheritance, interest) or in terms of liabilities . In the case of bankruptcy of a lender , the legal successor in interest has the right to collect the debt.