# Private Property

posted by .

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 -

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

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

• Private Property -

Thanks so much. Love the explanation =)

• Private Property -

You're very welcome. :-)

• Economics -

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?
Thank you :-)

## Similar Questions

1. ### Distributive property

How would I multiply these expression? 6(h-4) -3(x+8) -10(-a+5) PLease and thank-You Multiply the coefficient (outside the parentheses) by each term inside the parentheses. For example, 6(h-4) = 6h - 24 You do the others do you have
2. ### Math

I just need a description of the following: Associative property of Multiplication Associative Property of Addition Commutative properties Distributive Property Identity property(I don't need to know much about this) Zero property(i …
3. ### Math

okay so i feel like a dummie for not knowing this but i need the answer FAST! Which property would allow you to use mental computation to simplify the problem 27 + 15 + 3 + 5?
4. ### Law

Which of the following is an example of third-party policing?
5. ### HISTORY

True or False Native American cultures generally had no concept of private property. I'm not sure whether to say true or false but I want to say false because Native Americans were aware of private property, they just weren't obsessive …
6. ### economics

Please sort the following statements about property rights as either true or false. property rights include the right to buy or sell one's resources and goods All countries are equally effective at enforcing property rights Property …
7. ### Economics

Command economies: A. Are considered a type of free market economy B. Are considered a type of mixed economy C. Oppose private property, free market pricing, competition, and consumer choice D. Encourage private property, free market …
8. ### Economy

Can anyone compare and contrast N. korea and S. Korea economic provisions on private property ?