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Government property and common property
'''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]]ally 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]]ally protected by [[state]] and [[federal]] constitution (see: [[Fifth Amendment]])
Private property is one of three major forms of ownership. The other two are [[state ownership]] and common property.
== Exposition ==
== Exposition ==