Final answer:
Legal action, mediation, and arbitration are means to enforce rights or seek compensation for their violation, ensuring the security and enforceability of legal and contractual rights.
Step-by-step explanation:
The means to enforce a right or compensate for the violation of a right includes legal action, mediation, and arbitration. These avenues provide individuals and entities with legitimate methods to resolve disputes and uphold contractual and legal rights. Without such mechanisms, the security that comes from the enforceability of rights would be absent, leading to uncertainty in transactions and hindering economic growth. Legal action, specifically, allows for the enforcement of rights through the judicial system, where a party can litigate to seek reparations. Similarly, mediation and arbitration are forms of alternative dispute resolution which serve to address conflicts without going to court, often leading to faster and mutually agreeable solutions.