Changes

'''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]])

'''Private property''' means assets that can be acquired, transferred and controlled by individuals rather than [[government]], such as [[land]], [[house]]s, [[chattel]]s, 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 [[constitution|constitutionally]] protected by [[state]] and [[federal]] constitution (see: [[Fifth Amendment]])

== Exposition ==

== Exposition ==

 

Property ownership refers to a set of legal [[rights]], held by a person (or persons), relating to a particular thing, which together are recognized as possession of that thing. Ownership consists of possession and control over the item. Although the exact scope of that set of rights can vary depending upon the nature of the thing owned, and from legal system to legal system, certain of those rights represent the core of what is generally understood as “ownership.”  Chief amongst these is the right to exclude others from the use or enjoyment of the thing owned.

Property ownership refers to a set of legal rights, held by a person (or persons), relating to a particular thing, which together are recognized as possession of that thing. Ownership consists of possession and control over the item. Although the exact scope of that set of rights can vary depending upon the nature of the thing owned, and from legal system to legal system, certain of those rights represent the core of what is generally understood as “ownership.”  Chief amongst these is the right to exclude others from the use or enjoyment of the thing owned.

“Alienability,” or the right to sell (or refuse to sell) is also a core property right.  To the typical person, the right to use and enjoy a thing is the most valuable aspect of property rights, but the scope of this aspect of property rights varies greatly from legal system to legal system, and even over time, with changes within a given system.       

“Alienability,” or the right to sell (or refuse to sell) is also a core property right.  To the typical person, the right to use and enjoy a thing is the most valuable aspect of property rights, but the scope of this aspect of property rights varies greatly from legal system to legal system, and even over time, with changes within a given system.