Posted by **Anonymous** 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 -
**Ms. Sue**, 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 -
**Anonymous**, Friday, April 15, 2011 at 11:02pm
Thanks so much. Love the explanation =)

- Private Property -
**Ms. Sue**, Friday, April 15, 2011 at 11:02pm
You're very welcome. :-)

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