Public property

1) Public

property is property, which is dedicated

to the use of the public. It is a subset of state
property.
2) The term may be used either to describe the use
to which the property is put, or to describe the
character of its ownership (owned collectively by
the population of a state).
3) This is in contrast to private property, owned by
an individual person or artificial entities that
represent the financial interests of persons, such
as corporations
4) State ownership, also called public
ownership,government ownership or state
property, are property interests that are vested
in the state, rather than
an individual or communities.
5) In the modern representative democracy, "public
property" is said to be owned by the people as
a commons or held in trust by the government
for common benefit. In many Commonwealth
realms, such property is said to be owned by the
Crown. Examples include Crown land, Crown
copyright, and Crown Dependencies.

Private property

1)

Private property is a legal designation of the

ownership of property by non-governmental legal
entities.
2) Private property is distinguishable from public
property, which is owned by a state entity;
and collective property, which is owned by a group
of non-governmental entities
3) Private property is further distinguished
from personal property, which refers to property for
personal use and consumption.
4) Categorization of collective property can be
indeterminable, such as in a not-for-profit private
university; or determinable, such as in the case of a
legal partnership.
5)
Economic liberals (defined as those who
support a private sector-driven market economy)
consider private property to be essential for the
construction of a prosperous society.