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Property Rights

  • Mark Everard
  • Norman A. Dupont
Reference work entry

Abstract

The term legal “property” encompasses “. . .anything that is owned by a person or entity”. Property is divided into the two types: “real property” comprising interests in land, real estate, growing plants or the improvements on it; and “personal property“ comprising everything else such as “intellectual property”. There are other subsidiary definitions of property, including “common property” (ownership by more than one person) and “public property” (ownership by a governmental body such as the federal, state, county, or city governments or their agencies). However, the principal distinction drawn in this article is between property that is owned by private persons or corporate entities, and that which is a “common” to humanity.

Keywords

Legislation Policy Subsidy Societal levers Property Rights Obligations Public benefits Private benefits 

References

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Copyright information

© Springer Science+Business Media B.V., part of Springer Nature 2018

Authors and Affiliations

  1. 1.International Water Security Network, University of the West of EnglandBristolUK
  2. 2.Richards, Watson and GershonLos AngelesUSA

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