What principle states that individuals have the right to control their possessions?

The principle that states individuals have the right to control their possessions is rooted in Private Property Rights. This concept is fundamental to many economic systems, particularly those that emphasize capitalism and market economies. Private property rights empower individuals to own, use, and manage their resources as they see fit, which creates incentives for investment, innovation, and responsible resource management. When property rights are well-defined and enforced, individuals can engage in trade, make decisions regarding their assets, and enjoy the fruits of their labor, thereby fostering economic growth and stability.

In contrast to this principle, social security is a system designed to provide financial assistance to individuals in need, particularly the elderly or disabled. Economic growth refers to an increase in the production of goods and services in an economy over time, while public goods and services are those provided by the government that are available for all to use. These concepts do not directly address the individual ownership and control of property, making Private Property Rights the most relevant choice.