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When a Society's Economic Institutions Provide Secure Property Rights,set Up

question 97

Multiple Choice

When a society's economic institutions provide secure property rights,set up a judicial system that enforces contracts and upholds the law,allow private parties to sign contracts for economic and financial transactions,and maintain relatively free entry into different businesses and occupations,the institutions in the society are said to be ________.


Definitions:

Self-Actualization

The realization or fulfillment of one's talents and potentialities, considered as a drive or need present in everyone.

Maslow's Hierarchy

A theory of psychological health predicated on fulfilling innate human needs in priority, culminating in self-actualization.

Actualization

The realization or fulfillment of one's talents and potentialities, especially considered as a drive or need present in everyone.

Status Symbol

An object, behavior, or title that signifies an individual's high social standing, prestige, or wealth to others.

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