Search results
Results from the WOW.Com Content Network
Private property in the means of production is the central element of capitalism criticized by socialists. In Marxist literature, private property refers to a social relationship in which the property owner takes possession of anything that another person or group produces with that property and capitalism depends on private property. [19]
The private sector is the part of the economy which is owned by private groups, usually as a means of establishment for profit or non profit, rather than being owned by the government. Employment [ edit ]
The same person may be a private citizen in one role, and an official in another. For example, a legislator is an official when voting in the legislature, but a private citizen when paying taxes or when undertaking a citizen's arrest in a public place. A person may remain a private citizen even when having considerable political power and ...
Another definition is that privatization is the sale of a state-owned enterprise or municipally owned corporation to private investors; in this case shares may be traded in the public market for the first time, or for the first time since an enterprise's previous nationalization.
A privately owned enterprise is a commercial enterprise owned by private investors, shareholders or owners (usually collectively, but they can be owned by a single individual), and is in contrast to state institutions, such as publicly owned enterprises and government agencies. Private enterprises comprise the private sector of an economy
Privatism is a generic term generally describing any belief that people have a right to the private ownership of certain things. According to different perspectives, it describes also the attitude of people to be concerned only about ideas or facts that affect them as individuals.
A private is a soldier, usually with the lowest rank in many armies. Soldiers with the rank of private may be conscripts or they may be professional (career) soldiers. The term derives from the term "private soldier". "Private" comes from the Latin word privus or perhaps privo that meant an individual person and later an individual without an ...
Private banking is a general description for banking, investment and other financial services provided by banks and financial institutions primarily serving high-net-worth individuals (HNWIs) – those with very high income or substantial assets.