Economic Factors
Beyond the many technological factors that could make space commercialization more widespread, it has been suggested that the lack of private property, the difficulty or inability of individuals in establishing property rights in space, has been an impediment to the development of space for both human habitation and commercial development.
Since the advent of space technology in the latter half of the twentieth century, the ownership of property in space has been murky, with strong arguments both for and against. In particular, the making of national territorial claims in outer space and on celestial bodies has been specifically proscribed by the Outer Space Treaty, which had been, as of 2012, ratified by all spacefaring nations.
Read more about this topic: Commercialization Of Space
Famous quotes related to economic factors:
“The labor of women in the house, certainly, enables men to produce more wealth than they otherwise could; and in this way women are economic factors in society. But so are horses.”
—Charlotte Perkins Gilman (1860–1935)