Ownership

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Ownership means total possession or control of property, which may be an object, land or real estate, intellectual property or some other kind of property.

Ownership is needed for the development of the capitalist socio-economic system. The concept of ownership has existed for thousands of years and in all cultures.

Ownership can divided which has no legal value until money is added into the situation. Then the profits or given money will be divided according to the ownership accounts.

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