Changes

'''Private property''' means assets that can be acquired, transferred and controlled by persons rather than [[government]], such as [[land]], [[house]]s, [[goods]], income producing assets, etc. It is characterized by an individual or corporate entity with absolute dominion over the [[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 persons rather than [[government]], such as [[land]], [[house]]s, [[goods]], luxury items, income producing assets, etc. It is characterized by an individual or corporate entity with absolute dominion over the [[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 [[collective property]] and [[common property]].  In Marxism, private property refers only to [[chattel]], i.e. the clothes on you back.

Private property is one of three major forms of ownership.  The other two are [[collective property]] and [[common property]].  In Marxism, private property refers only to [[chattel]], i.e. the clothes on your back.

== Exposition ==

== Exposition ==