Market economy a market economy

Private proporty important
Property rights provide the owner with the legal ownership of a resource. This is backed and enforced by the legal system as well as the protections government provides through law and order. It allows owners to freely use their resources however they see fit – with the comfort that their assets will be legally protected. For businesses, this means that they have the right to use their capital to produce goods without fear of loss
For consumers, it means they have the sole ownership of the land and property they purchased. That means they have the legal entitlement to prevent individuals from trespassing and using their land for personal gain. This is protected by the legal system and law and enforcement provided by the government.
These property rights allow for a free and efficient market. In fact, a free market relies on strong property rights as a fish is to water. By employing property rights, any disputes over economic resources are resolved in a peaceful and amicable way through the courts.
The importance of property rights cannot be understated. It is one of the key cornerstones of a stable and prosperous economy. 
Rather than disputes leading to violence, the legal system resolves them. Without such a system, there is no right to an asset or retail estate. For example, let’s say Mr Jones builds a house for himself. He may leave it vacant for a time, only to find someone else has moved in.
Without property rights and a legal system, he has no ownership, therefore, he has no authority to remove the other party. This defeats the point of ownership – highlighting the importance of property rights. With property rights, Mr Jones is able to use the legal system to evict and reclaim the property that is his. The culprit will be brought to court and will be forced to pass back the property to the rightful owner.