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Line 1: − #REDIRECT [[Possession (Demonic)]]+ + + + + + + + + + + + + + + + + + +
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[[File:lighterstill.jpg]][[File:Property03.jpg|right|frame]]
*Date: [https://www.wikipedia.org/wiki/14th_Century 14th century]
==Definitions==
*1 a : the [[act]] of having or taking into [[control]]
:b : control or occupancy of property without regard to ownership
:c : ownership
:d : control of the ball or puck; also : an instance of having such control (as in football) <scored on their first two possessions>
*2 : something owned, occupied, or controlled : property
*3 a : domination by something (as an [[evil]] [[spirit]], a [[passion]], or an [[idea]])
:b : a [[psychological]] [[state]] in which an [[individual]]'s [[normal]] [[personality]] is replaced by another
:c : self-possession
==Description==
'''Ownership''' is the [[state]] or [[fact]] of exclusive rights and [[control]] over property, which may be an object, land/real estate or [[intellectual]] property. Ownership involves multiple rights, [[collectively]] referred to as title, which may be separated and held by different parties. The [[concept]] of ownership has existed for thousands of years and in all [[cultures]]. Over the millennia, however, and across cultures what is considered eligible to be property and how that property is regarded culturally is very [[different]]. Ownership is the basis for many other [[concepts]] that form the [[foundations]] of ancient and modern [[societies]] such as [[money]], trade, debt, bankruptcy, the criminality of theft and [[private]] vs. [[public]] property. Ownership is the key building block in the development of the [[Capitalism|capitalist]] socio-[[economic]] [[system]].
The [[process]] and [[mechanics]] of ownership are fairly [[complex]] since one can gain, transfer and lose ownership of property in a [[number]] of ways. To acquire property one can purchase it with [[money]], trade it for other property, receive it as a gift, steal it, find it, make it or homestead it. One can transfer or lose ownership of property by selling it for [[money]], exchanging it for other property, giving it as a gift, being robbed of it, misplacing it, or having it stripped from one's ownership through [[legal]] means such as eviction, foreclosure and seizure. Ownership is self-propagating in that the owner of any property will also own the [[economic]] benefits of that property.[https://en.wikipedia.org/wiki/Ownership]
[[Category: Economics]]
[[Category: General Reference]]
