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'''Private property''' is means assets that can be acquired, transferred and controlled by individuals rather than government, such as land, houses, chattels, and goods. It is characterized by a single owner with absolute dominion over the property. When two or more owners have a claim or if the ownership is temporary or limited, it is not private property. Private property, in the United States of America, is constitutionally protected by state and federal constitution (see: [[Fifth Amendment]])
'''Private property''' means assets that can be acquired, transferred and controlled by individuals rather than government, such as land, houses, chattels, and goods. It is characterized by a single owner with absolute dominion over the property. When two or more owners have a claim or if the ownership is temporary or limited, it is not private property. Private property, in the United States of America, is constitutionally protected by state and federal constitution (see: [[Fifth Amendment]])
== Exposition ==
== Exposition ==