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Private property is a legal designation for the ownership of property by non-governmental legal entities. Private property is distinguishable from public property, which is owned by a state entity, and from collective or cooperative property, which is owned by one or more non-governmental entities.
History, Legal and real-world aspects & Theory
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property private ownership land rights economic capitalism socialist system legal social production century common use may public defined value locke
| Subject | Predicate | Object | Confidence | Src |
|---|---|---|---|---|
| Private property | is a | legal designation for the ownership of property by non-governmental legal entities | 0.90 | text |
| Private property | is a | important part of capitalization within the economy.Socialist economists are critical of private property in the means of production | 0.90 | text |
| Ludwig von Mises | instance of | Libertarian economists | 0.80 | text |
| Friedrich Hayek emphasized the role of private property as a foundational institution for economic calculation | instance of | Libertarian economists | 0.80 | text |
| market coordination | instance of | Libertarian economists | 0.80 | text |
| and individual liberty | instance of | Libertarian economists | 0.80 | text |
| Murray Rothbard explained property rights as originating through first use | instance of | some theorists | 0.80 | text |
| continuing through voluntary exchange between individuals | instance of | some theorists | 0.80 | text |
| independent of state authority | instance of | some theorists | 0.80 | text |
| Private property | related to Criticism | Private | 0.60 | section |
| Private property | related to Criticism | In Marxist | 0.60 | section |
| Private property | related to Criticism | The | 0.60 | section |
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