Markets May Fail to Allocate Resources Efficiently When Property Rights

question 120

True/False

Markets may fail to allocate resources efficiently when property rights are not well established.

---

Definitions:

Socialisation

Systematically changes the expectations, behaviour and attitudes of new employees.

New Employees

Individuals who have recently joined an organization or company and are in the process of adjusting and learning about their new roles.

Orientation

The process of familiarizing new employees with the organizational culture, policies, and specifics of their job role.