User:Melab/The Factory/Property

Property is anything that has an owner. Its two identifying characteristics are exclusivity and transferability.

Legal aspects

As previously mentioned, property is defined primarily by an exclusionary right that can transferred to other people. One analogy for explaining property rights is that of a bundle of sticks. In this analogy, a "property right" is really a collection of several different rights: possession, use, sale, protection, etc. Each one of these is a right associated with a particular thing as opposed to rights like freedom of religion or the right to a fair trial which are not.

Types

Tangible

Tangible property falls into one of two categories: real property and chattel. Real property is anything that's immovable (i.e., buildings, homes, etc.) whereas chattel is anything you can pick up and carry (i.e., pencils, books, bread, etc.).

Intangible

Intangible property is the kind of property you can't touch. The most obvious example of intangible property is copyright. Other instances include domain names, patents, trademarks, debts, and stocks.

Opinions

"As a man is said to have a right to his property, he may be equally said to have a property in his rights." ― James Madison

See also

• Eminent domain
• Nationalization
• Privatization
• Tax