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- Property rights give the owner or right holder the ability to do with the property what they choose1. Ownership is the legal right to use, possess, and give away a thing2. Ownership can be tangible such as personal property and land, or it can be of intangible things such as intellectual property rights2.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Property rights give the owner or right holder the ability to do with the property what they choose. That includes holding on to it, selling or renting it out for profit, or transferring it to another party.www.investopedia.com/terms/p/property_rights.aspOwnership is the legal right to use, possess, and give away a thing. Ownership can be tangible such as personal property and land, or it can be of intangible things such as intellectual property rights.www.law.cornell.edu/wex/ownership
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