The concept of private ownership of property and a relatively open market for goods, services, and investments is known as capitalism.
Property is anything to which a person or entity has a legal right. A property can be a tangible item, such as a house, car, or appliance, or an intangible item that promises future value, such as a stock or bond.
property generally falls into two categories he of tangible property and intangible property. Physical properties are visible, tangible, and non-physical properties. Furthermore, tangible ownership is ownership over material things, and intangible ownership is intangible rights over things.
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