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Mangan founded what he called the Nation of Celestial Space and registered it with the Cook County, Illinois, Recorder of Deeds and Titles on 1 January 1949. [22] Robert R. Coles, former chairman of New York's Hayden Planetarium, started "the interplanetary Development Corporation" [23] and sold lots on the Moon for one dollar per acre ($2.50 ...
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.
As of 2020, the federal government owns roughly 640 million acres of land, the majority of which is concentrated in the Western US and Alaska. [1] Privatization of public land involves the selling or auctioning of public lands to the private sector. The private sector can refer to private individuals, industry, or corporations. [citation needed]
The first is a buyout, by the majority owner, of all shares of a public corporation or holding company's stock, privatizing a publicly traded stock, and often described as private equity. The second is a demutualization of a mutual organization or cooperative to form a joint stock company. [2]
Ownership of land can be held separately from the ownership of rights over that land, including sporting rights, [16] mineral rights, development rights, air rights, and such other rights as may be worth segregating from simple land ownership.
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]
[8] Nevertheless, "because the United States is a legal title holder, the federal government is a necessary part in all leases and dispositions of resources including trust land. For example, the secretary of the interior must approve any contract for payment or grant by an Indian tribe for services for the tribe 'relative to their lands' (25 U ...
Collective ownership is the ownership of private property by all members of a group. [ 1 ] [ 2 ] [ nb 1 ] The breadth or narrowness of the group can range from a whole society to a set of coworkers in a particular enterprise (such as one collective farm ).