Role of State with Regard to Property

The video explains the dual role of legal systems in property ownership: recognizing ownership and enforcing property rights. It discusses how individuals can register their ownership and seek legal recourse in disputes. The government's role in prosecuting violations of property rights, such as theft or fraud, is also highlighted.

What are the two main functions of the system that recognizes ownership of property?

How can individuals enforce their property rights against others?

What actions can an individual take if there is a dispute regarding property rights?

What might the government do if an individual commits theft or fraud regarding property?

What is the role of the state or government in relation to individual property rights?