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A Private Property is a property that is owned by a private entity/legal entity (under private property laws).
- AKA: Privately-Owned Item.
- It can range from being a Physical Property to being an Abstract Property (such as intellectual property).
- It can range from being a Personal Private Property (such as a clothes) to being a Productive Private Property (such as a private factory).
- Private Dataset.
- an Intellectual Property, like a trademark.
- See: Private Property Right, Capitalism, Company Product, Private Interest, Public Interest.
- Private property is the ownership of property by non-governmental legal entities, unless privately owned by the government as an institution, as in state capitalism. Private property is distinguishable from public property which is owned by a governmental entity, and collective property, which is owned by a group of non-governmental entities, and from personal property, property for personal use. Ownership of collective property can be indeterminable, such as in a not-for-profit private university, or determinable, such as in a legal partnership.
- ↑ McConnell, Campbell; Stanley Brue and Sean Flynn (2009). Economics. Boston: Twayne Publishers. p. G-22. ISBN 978-0-07-337569-4.
- ↑ "?". http://www.businessdictionary.com/definition/public-property.html.
- (WordNet, 2009) ⇒ http://wordnetweb.princeton.edu/perl/webwn?s=private%20property
- S: (n) personal property, personal estate, personalty, private property (movable property (as distinguished from real estate))
- Karl Marx.
- QUOTE: The theory of Communism may be summed up in one sentence: Abolish all private property.