The degree of risk aversion may vary between individuals and for the same individual between different levels of wealth. Folie 23 C1. Imperfect enforcement of property rights. Forms of collateral. The Right of Property 1.
Every Ethiopian citizen has the ownership of private property.
This right shall include the right to acquire, to use and to dispose of such property by means of sale or bequest or by other means of transfer subject to limitations prescribed by law in the public interest and in a manner compatible with the rights of other citizens. The right to ownership of rural and urban land, as well as of all natural resources, is exclusively vested in the State and in the peoples of Ethiopia. Land is a common property of the nations, nationalities and peoples of Ethiopia and shall not be subject to sale or to other means of transfer. 4 .Any Ethiopia who wants to earn a living by farming has a right, which shall not be alienated, to obtain, without payment, the use of land. The implementation of this provision shall be specified by law.