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Exclusivity, enforceability, and transferability of property rights are essential for a properly functioning market. In this video, take a deeper dive into the role that property rights play in well-functioning markets.Uploaded 14-11-18AP(R) Microeconomics on Khan Academy: Microeconomics is the study of individual decisionmakers in an economy, such as people, households, and firms. Learn how markets work, how incentives drive decisionmaking, and how market structure influences market outcomes. We hit the traditional topics from an AP Microeconomics course, including basic economic concepts, markets, production and costs, profit maximization perfect competition, imperfectly competitive market structures, game theory, factor markets, and income inequality.About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content.For free. For everyone. Forever. #YouCanLearnAnythinghttps://www.youtube.com/subscription_center?add_user=khanacademy Learn more about your ad choices. Visit megaphone.fm/adchoices
