posted by Anonymous .
Hi. Im learning about economics, and I am not really strong in this area. So I would like to know what this term means.
Please try to simplify it as much as possible so that I understand.
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.
Thanks so much. Love the explanation =)
You're very welcome. :-)
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 :-)