Legal Property

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A Legal Property is an asset that is recognized by a legal property right granted to some agent(s).



  1. Makdisi, John (2005). Islamic Property Law: Cases and Materials for Comparative Analysis with the Common Law. Carolina Academic Press. ISBN 1-59460-110-0Template:Inconsistent citations 
    • Property rights are a theoretical construct in economics for determining how a resource is used, and who owns that resource — government, collective bodies, or individuals.[1] Property rights can be viewed as an attribute of an economic good. This attribute has four broad components[2] and is often referred to as a bundle of rights:[3]
      1. the right to use the good
      2. the right to earn income from the good
      3. the right to transfer the good to others
      4. the right to enforcement of property rights.

        In economics, property usually refers to ownership (rights to the proceeds of output generated) and control over a resource or good.

        The concept of property rights as used by economists and legal scholars (see property for the legal concept) are related but distinct. The distinction is largely seen in the economists' focus on the ability of an individual or collective to control the use of the good. For example, a thief who has stolen a good would not be considered to have legal (de jure) property right to the good, but would be considered to have economic (de facto) property right to the good.[citation needed]

  1. Template:Cite encyclopedia
  2. * Template:Cite news
       * Thrainn Eggertsson (1990). Economic behavior and institutions. Cambridge, UK: Cambridge University Press. ISBN 0-521-34891-9. 
       * Dean Lueck (2008). “property law, economics and," The New Palgrave Dictionary of Economics, 2nd Editio. Abstract.
  3. Klein, Daniel B. and John Robinson. "Property: A Bundle of Rights? Prologue to the Symposium." Econ Journal Watch 8(3): 193–204, September 2011.[1]