transaction costs are the costs associated with the transaction of property.

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Petropolis, Rio de Janeiro, Brazil
Brazil

Via National Public Radio (USA)

 

For Brazil's 1 Percenters, The Land Stays In The Family Forever

AUGUST 25, 2015 4:49 AM ET

 

By Lourdes Garcia-Navarro

 

Here is an eye-popping statistic from Brazil: 1 percent of the population controls almost half the land. The country is one of the most unequal places in the world in terms of land distribution. And one reason is colonial-era laws that are still on the books.

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