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'''Property''' in [[law]], [[economics]], [[business]] and for [[tax]] purposes is an extension of, or store of, the produce of unconsumed labor. Private property, i.e. non-public or non-governmentally owned property, is a foundation of Anglo-American law, and central to [[capitalism]] and [[free enterprise]].   

'''Physical property''' in [[law]], [[economics]], [[business]] and for [[tax]] purposes is an extension of, or store of, the produce of unconsumed labor. Private property, i.e. non-public or non-governmentally owned property, is a foundation of Anglo-American law, and central to [[capitalism]] and [[free enterprise]].   

Property is, and the [[Supreme Court]] has held, an extension of a person's [[labor]]. The [[value]] of a [[person]]'s labor is stored up in property. Much labor is consumed in the process of labor, or disappears in the instant of its production. Property is unconsumed labor. [[Money]] is a representation of unconsumed labor for exchangeable purposes. "Real property" is land; manufactured goods, buildings, [[intellectual property]], and tangible property is the produce of labor that is consumed slowly, or depreciates over time. Unconsumed labor is often referred to as "[[capital]]," which then is used to set the set the economic process in motion and employ more people.

Property is, and the [[Supreme Court]] has held, an extension of a person's [[labor]]. The [[value]] of a [[person]]'s labor is stored up in property. Much labor is consumed in the process of labor, or disappears in the instant of its production. Property is unconsumed labor. [[Money]] is a representation of unconsumed labor for exchangeable purposes. "Real property" is land; manufactured goods, buildings, [[intellectual property]], and tangible property is the produce of labor that is consumed slowly, or depreciates over time. Unconsumed labor is often referred to as "[[capital]]," which then is used to set the set the economic process in motion and employ more people.