Economics · Economy
Which of the following is a direct negative consequence of land tenure insecurity for agricultural cultivators?
- 1Strengthening of customary property rights within local communities
- 2Optimal efficiency and high output in long-term agricultural production
- 3Reduced access to formal institutional credit and loans due to lack of collateral✓
- 4Increased long-term investment in soil conservation and infrastructure
Correct answer
Reduced access to formal institutional credit and loans due to lack of collateral
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