Property

The concept of property is fluid and can be understood from different perspectives. Property can be defined as social relations between individuals and groups of people with respect to a resource. Beyond any things that can be owned, this definition of property encompasses several important aspects that are crucial for life-span human development: the resource itself, governance of the resource, and property rights or property holdings. This definition of property is broad enough to include access to and control over a resource by people who may hold nothing other than use rights to that resource.

There are numerous systems for classifying different types of property. For example, a distinction is made between real property and personal property and between tangible and intangible property. Property can also ...