Property rights in a market system | Basic Economic Concepts | AP(R) Microeconomics | Khan Academy
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Market systems only function well when property rights are well defined. Take a deeper dive into the role of property rights in a market system in this video.
AP(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.
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Пікірлер: 48
I love your videos Sal Khan
lol you explained the thing that my teacher explains for half an hour in 5 mins
Respect for property rights is a part of why nations suceed.
With property rights comes a genuinely prosperous economy. Ludwig von Mises, Murray Rothbard, and Hans Hermann Hoppe understood this greatly. I recommend reading their works.
@swedishancap3672
2 жыл бұрын
Oh yeah, they are based :)
I’m here I’m back Deal with it😂
I think Sal is a great teacher! I also suspect him of being a closet libertarian... A socially tolerant fan of the free market. :)
I was just watching a video in this topic before this came out
@justjuanamany
5 жыл бұрын
funny thing that...
I recommend the book Economics and Ethics of Private Property, by Hans Hermann Hoppe, where he establishes the ultimate ethic foundation of private property.
@paulk314
5 жыл бұрын
This comment section is really interesting because you've die-hard Marxists on the one hand saying this video is capitalist propaganda and other people recommendeding Hoppe. Quite the diversity of views!
@neeltheother2342
4 жыл бұрын
Yo a fellow Hoppean? Hive five!!!
I wonder how the world of NFTs and blockchain will affect this concept.
is it just me or is that house not blue 😂
Is there a rule/law that requires someone to use the land they buy?, like if I buy lots of acres of land but I never use it can it be taken away?
@JJJr14
5 жыл бұрын
Depends on where you live. Some countries have laws that if a piece of land isnt used in ..... amount of time, the government can sell it.
@europaepsilon7970
5 жыл бұрын
JJ Jr. Thanks👍🏻
@nietzscheanmiddleman9832
5 жыл бұрын
As long as you pay your property taxes, you should be okay
@yuri117_br
5 жыл бұрын
What if I leave my land for my inheritors and they don't make use of it?
What would happen if we put human rights ahead of property rights. When property ownership is used to coalesce wealth in the free market and governments incentivize the creation of artificial scarcity. ie tax right offs for properties that sit empty and fail to be occupied at “ market value “. We could have limits like “rent control” to prevent the amassing of property by corporations that use rent seeking in combination with the tax code as a method of hedging investments . Causing the people to socialize financial loses and allowing corporations to avoid risk to their wealth or borrowing power. Rethink property rights
@LegalAutomation
2 жыл бұрын
Things you have suggested, such as rent controls, have proven not to work in every country throughout history. Google it.
Example: Disney used to have Fox Kids and Jetix in 2000s! It is called Property Rights! @Khan Academy
What is the role of 'money' in market economy? Is money (as debt) a private property or public utility in a Democracy?
Actually your argument proves the success of market not its failure; because market gives the lower value to unproven title as considering risk factors, Therefore market will promote demand for proven title and discourage unproven ones. In meantime market for delivering this services will arise, i mean market for legal private services. There is not need for government interventions. Market will develop and has developed by providing solutions in efficient manner to the problem of real world arising because we are human with limited capacity and limited resource available to solve them.
@voluntarism335
3 жыл бұрын
things like private security would happen to stop criminals not to mention there would be private arbitrators to settle such disputes
0:41 I think this is hilarious. Like if thugs were THAT polite.
This was a lesson in economics, not property rights.
@freesk8
5 жыл бұрын
Property rights are fundamental to economics. Under the more collectivist versions of economics, the property is owned by the state. Under the free market versions of economics, the property is owned by individuals. But if there is no property, there is no economics, because no one has permission to do economic activity without property rights.
@whome9392
5 жыл бұрын
@@freesk8 I agree that they are related, but economics is related in some way to pretty much every thing. Doesn't change the fact that this video is not instructive on property rights.
@freesk8
5 жыл бұрын
@@whome9392 What topics related to property rights did Sal miss?
Why is private property, and the protection of property rights so critical to the success of the market system? Do property rights encourage competition or cooperation?
@236bilalahmadmushtaq7
3 жыл бұрын
Ap bhi aasignments k jawab yahan dhundhy agyi hein? xD
@032-tehreemashfaq4
3 жыл бұрын
lol 🤣🤣
@236bilalahmadmushtaq7
3 жыл бұрын
@@032-tehreemashfaq4 Ap mera khiyaal hai ap bhi hailey sy hi hein xD
@032-tehreemashfaq4
3 жыл бұрын
yuppp but i've done on my own..
@236bilalahmadmushtaq7
3 жыл бұрын
@@032-tehreemashfaq4 Matlab apko lectures smjh agyi thi
50th
1st
@europaepsilon7970
5 жыл бұрын
Nathan No,I am
@EliteCubingAlliance
5 жыл бұрын
ANGRYBIRDZPRO No he is
This video is propoganda