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Public ownership is one of the three major forms of property ownership, differentiated from private, collective/cooperative, and common ownership. [3] In market-based economies, state-owned assets are often managed and operated as joint-stock corporations with a government owning all or a controlling stake of the company's shares.
If there is a start with joint ownership (where each party has veto power over the use of the asset) and move to a situation in which there is a single owner, the investment incentives of the new owner are improved while the investment incentives of the other parties remain the same; however, in the basic incomplete contracting framework, the ...
State ownership: ownership of an industry, asset, or enterprise by the state or a public body representing a community as opposed to an individual or private party. Public ownership: ownership and operation of an enterprise by a central government; [6] also an ambiguous term that could refer to either social, partial state, or full state ...
A common pool resource however is often managed the group of people that have access to that resource [14]. Examples of this can be air, water, sights, and sounds. Tragedy of the commons refers to this title. An example would be unregulated forests as there's limited resources available and therefore rivalrous, but anyone may access these ...
The former is defined as the means of production about private ownership over an economic enterprise based on socialized production and wage labor whereas the latter is defined as consumer goods or goods produced by an individual. [17] [18] Prior to the 18th century, private property usually referred to land ownership.
Anthropology studies the diverse ownership systems, rights of use and transfer, and possession [26] under the term "theories of property". As mentioned, western legal theory is based on the owner of property being a legal person. However, not all property systems are founded on this basis.
However, new types of land ownership is generally disallowed, under the numerus clausus principle, unless they are introduced by legislation. [13] In most states, full ownership of land is known as fee simple, fee simple absolute, or fee. [14] Fee simple refers to a present interest in the land, which continues indefinitely into the future. [14]
Actual resources are those resources whose location and quantity are known and we have the technology to exploit and use them. Potential resources are those of which we have insufficient knowledge or do not have the technology to exploit them at present. Based on ownership, resources can be classified as individual, community, national, and ...