: SAGE: property and property rights

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property and property rights

To have a right of property or to own property is to have, with regard to some resource or thing, a relation to other people that establishes a rightful claim as to how one may use, enjoy, or deploy that resource. Although we often think of property in terms of some material good or resource (e.g., “This land is my property”), the assertion of property, property ownership, or a property right is, in fact, a statement that one's relation to that thing is defined in terms of rules that establish what one may do with that thing and what others may or may not do. [Source: Encyclopedia of Business Ethics and Society; Property and Property Rights]

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