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'''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]].   

'''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, other than land, is unconsumed labor stored up in an improvement or vendible commodity.

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, other than land, is unconsumed labor stored up in an improvement or vendible commodity. In the normal functioning of the economic system, the worker sells their labor, using the unconsumed produce of other people's labor ([[Marxist]]s call this "the means of production") for which they are paid and relinquish any future claims over the produce of their labor.

In the normal functioning of the economic system, the worker sells their labor, using the unconsumed produce of other people's labor ([[Marxist]]s call this "the means of production") for which they are paid and relinquish any future claims over the produce of their labor.

'''Property rights''' refers to issues surrounding the ownership of property or capital. In Marxist theory, individual property rights are abrogated and [[theft]] legalized. This is a violation of fundamental [[human rights]].

[[Money]], a form of property, 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 economic process in motion and employ more people.

[[Money]], a form of property, 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 economic process in motion and employ more people.

In modern times there is universal condemnation of treating human beings as property, though only [[abortion]] and [[stem cell]] research implicitly treat human life as though it were property.

In modern times there is universal condemnation of treating human beings as property, though only [[abortion]] and [[stem cell]] research implicitly treat human life as though it were property.