Type the correct answer in the box. Spell all words correctly. Property rights regimes are classified under what basis?
The classification of property rights regime based on the whether the resource is excludable and
in nature.

The answer is below

Explanation:

The classification of property rights regimes is based on the OWNERSHIP.

There are four different types of property-rights regimes based on ownership with each type having its owners' rights, duties, and access. This includes the following:

1. Private Property owned by an individual can be accessed by the permission of the owner only.

2. Common property (public closed access): owned by collective individuals and can be accessed by the permission of the members only.

3. State Property: owned by the government and can be accessed by everybody

4. Open Access Resources: owned by nobody, and can be accessed by everybody.

rival

Explanation:

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