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Posted by on Friday, April 15, 2011 at 10:52pm.

Hi. Im learning about economics, and I am not really strong in this area. So I would like to know what this term means.

Private Property.

Please try to simplify it as much as possible so that I understand.

  • Private Property - , Friday, April 15, 2011 at 10:59pm

    Private property is anything owned by an individual or a company.

    Your clothing is private property.
    Your home and yard is private property.
    A company's buildings and grounds are private property.

  • Private Property - , Friday, April 15, 2011 at 11:02pm

    Thanks so much. Love the explanation =)

  • Private Property - , Friday, April 15, 2011 at 11:02pm

    You're very welcome. :-)

  • Economics - , Tuesday, February 16, 2016 at 9:38pm

    Compare North and South Koreans economic provisions on private property and how it relates to the economic provisions of the U.S. On private property?
    Please help I am really confused and I don't understand this.
    Thank you :-)

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