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The utilitarian theory of property regards property as a positive right created instrumentally by law to achieve wider social and economic objectives. Property is said
"The utilitarian theory of property regards property as a positive right created instrumentally by law to achieve wider social and economic objectives. Property is said to be a positive right as opposed to a natural right. The essence of a positive right is that it is prescribed by state, the right is both given and protected by state."- Sukhninder Panesar.
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