Knowra Private property Private property Private property is ownership of resources by individuals or private organizations, typically including rights to use, exclude others from, and transfer them. Its scope and limits depend on law and social institutions.
Property rights : Socially recognized claims governing who may use, control, exclude others from, or transfer resources. Private property is one arrangement for allocating these claims.
Land registration : The official recording of land ownership and related interests in a public register. Registration makes many land claims visible and helps establish who holds title.
Public property : Property owned or controlled by a government for public purposes or public use. It contrasts individual or organizational ownership with state-held assets.
Capitalism : An economic system characterized by private ownership of productive assets and production for exchange. Private ownership of capital is a defining institution of capitalist economies.
John Locke : An English philosopher whose political theory linked legitimate government to natural rights, labor, and property. Locke's account of appropriation became a lasting argument for private ownership.
Possession : Physical control over an object or resource, which may exist without legally recognized ownership. Control and ownership can diverge when property is stolen, borrowed, or disputed.
Deed : A legal instrument that records or transfers an interest in property. Deeds document transactions through which private ownership changes hands.
Common land : Land governed by shared use rights held by a community or group, often under customary or legal rules. Its shared rights differ from an owner's exclusive claim to a resource.
Economic inequality : Unequal distribution of income, wealth, or economic resources among people or groups. Unequal property holdings are a major source of differences in wealth.
Roman law : The legal system developed in ancient Rome and preserved in later European legal traditions. Roman distinctions among ownership, possession, and use influenced later property law.
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