Protect Private Property Rights
Role of
government
Protect the
property of
their own
Enacted a no.
of laws
Protect private
property rights
right to use
their own
properties
Right to
transfer their
own
properties
Richer
people can
earn more
money
make their best
use of their
resources to
obtain profit
People can just use
their own properties
to obtain profit
Disparity
between the poor
and rich is more
serious
Poorer
people earn
less money
More
consumption
Increase
government
tariffs
Provide more
social
welfare
People live in
higher living
standard
Stimulate
people to
work
inventively
Improve
quality of
company
Earn more
money
Attract talent
people
Attract people
to immigrant
Provide more
facilities
Boost tourists
Stimulate
business people
to invest
Attract more
investment
Promoting
economic
development
Provide
allowances
Creators
willing to
create more
Increase
competitiveness