Legal designation of the ownership of property by non-governmental legal entities
For other uses, see Private property (disambiguation).
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Private property is a legal designation for the ownership of property by non-governmental legal entities.[1] Private property is distinguishable from public property, which is owned by a state entity, and from collective or cooperative property, which is owned by one or more non-governmental entities.[2]
Private property is foundational to capitalism, an economic system based on the private ownership of the means of production and their operation for profit.[3] The distinction between private and personal property varies depending on political philosophy, with socialist perspectives making a hard distinction between the two. As a legal concept, private property is defined and enforced by a country's political system.[4]
^McConnell, Campbell; Brue, Stanley; Flynn, Sean (2009). Economics. Boston: Twayne Publishers. p. G-22. ISBN 978-0073375694.
^Gregory and Stuart, Paul and Robert (2013). The Global Economy and its Economic Systems. South-Western College Pub. p. 30. ISBN 978-1285055350. There are three broad forms of property ownership – private, public, and collective (cooperative).
^Zimbalist, Andrew; Sherman, Howard J.; Brown, Stuart (October 1988). Comparing Economic Systems: A Political-Economic Approach. Harcourt College Pub. pp. 6–7. ISBN 978-0-15-512403-5. Pure capitalism is defined as a system wherein all of the means of production (physical capital) are privately owned and run by the capitalist class for a profit, while most other people are workers who work for a salary or wage (and who do not own the capital or the product).
^Bertrand Badie; Dirk Berg-Schlosser; Leonardo Morlino (2011). International Encyclopedia of Political Science. Sage Publications. p. 2132. ISBN 978-1412959636. Private property cannot exist without a political system that defines its existence, its use, and the conditions of its exchange. That is, private property is defined and exists only because of politics.
Privateproperty is a legal designation for the ownership of property by non-governmental legal entities. Privateproperty is distinguishable from public...
three broad forms of property: privateproperty, public property, and collective property (also called cooperative property). Property that jointly belongs...
The Modern Corporation and PrivateProperty is a book written by Adolf Berle and Gardiner Means published in 1932 regarding the foundations of United States...
Intellectual property (IP) is a category of property that includes intangible creations of the human intellect. There are many types of intellectual property, and...
Property law is the area of law that governs the various forms of ownership in real property (land) and personal property. Property refers to legally...
verification] the distinction between private and personal property is an important one. In capitalism private and personal property are considered to be identical...
recognition of a right to privateproperty is found[citation needed] more rarely and is typically heavily constrained insofar as property is owned by legal persons...
collectively by the population of a state). This is in contrast to privateproperty, owned by an individual person or artificial entities that represent...
fixed capital formation Nationalization Productive forces PropertyPrivatepropertyPrivatization Relations of production Socialization (economics) Gould...
theory, privatization has been studied in the field of contract theory. When contracts are complete, institutions such as (private or public) property are...
field of finance, private equity (PE) is capital stock in a private company that does not offer stock to the general public. Private equity is offered...
taking assets into the private sector is referred to as privatization. A privately owned enterprise is one form that privateproperty may take. Sole proprietorship:...
Inheritance is the practice of receiving privateproperty, titles, debts, entitlements, privileges, rights, and obligations upon the death of an individual...
privateproperty owners from the use of their property. Some states and municipalities, however, may have laws that become effective when a property is...
In English common law, real property, real estate, immovable property or, solely in the US and Canada, realty, refers to parcels of land and any associated...
private property rather than public property. Law enforcement agency Law enforcement and society Police foundation Private investigator Privatization in criminal...
Conflict of laws (also called private international law) is the set of rules or laws a jurisdiction applies to a case, transaction, or other occurrence...
money, trade, debt, bankruptcy, the criminality of theft, and private vs. public property. Ownership is the key building block in the development of the...
pertained to "property theory" and the inter-state relations dealing with foreign investments and the protection of citizens privateproperty abroad. Natural...
include capital accumulation, competitive markets, price systems, privateproperty, property rights recognition, voluntary exchange, and wage labor. In a market...