Property rights refers to the legal rights enabling individuals and businesses to own and control property through various ownerships. Property rights are crucial in promoting economic growth, fostering innovation and creativity and sustaining investments as well as trade. Some synonyms for property rights include ownership rights, possession rights, dominion rights, proprietary rights, and control rights. Others include the right to property, land rights, title rights, and individual liberty rights. The concept of property rights is fundamental in any society that values economic stability and growth, as well as individual freedom and innovation. Property rights, therefore, function as the foundation for a flourishing economy and a thriving social order.