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(Compare, for example, S.Pejovicha's classification: "the property right to property
Consists of following competences: 1) rights of use of property (usus); 2)
The rights to reap fruits born by its (usus fructus); 3) the rights to change its form
To the co-ordinated price. Last two competences define the right of the proprietor on
Realisation of changes in value of its property also represent
Fundamental components of the property right "(31, with. 3).)
3. A private property and economic efficiency.
"The full" set of the rights of a private property possesses important information and
Motivational advantages. It induces economic agents to inform
Through market prices the true information on the production potentialities
And consumer preferences. It pushes them to acceptance most
The effective decisions raising well-being of all society. These
Advantages are provided with its such properties as exclusiveness,
Paramount significance is attached.
Exclusiveness means that everything, except the proprietor, are excluded from
Free sale and transfer of competences. It allows to split the right
Properties on separate competences and to form of them new combinations.
Expansibility means extendability of a private property on all
Existing resources - both present, and future. These characteristics
The private property is promoted by maximisations of a social product.
1. Owing to exclusiveness of the right of a private property on the proprietor and
Only on it all negative and positive results fall from
Usings a resource. It appears is interested in as much as possible full them
The account at planning of the activity. Attributing of the net profit from
Resource uses to its proprietor are given by stimulus to maximisation of it
The net profit. He can choose that variant of actions, which most
The more strongly for it stimulus to consider those benefits or that damage, which it
Decisions bring to other individuals "(18, with. 4).
Is ready to offer for it the highest price (i.e. To for whom it represents
The maximum value). Thereby effective placing is provided
Resources as during an exchange they pass from less productive
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