QQuestionBusiness Law
QuestionBusiness Law
"What is the best definition of ownership?
A. Ownership is the right to possess land or goods.
B. Ownership is the right to possess land alone.
C. Ownership is the right to purchase land or goods.
D. Ownership is the right to purchase goods alone."
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Answer
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Step 1: Begin by analyzing the options and understanding the concept of ownership.
Ownership is a fundamental concept in law, economics, and philosophy, which refers to an individual's or entity's right to possess, use, and benefit from a resource, as well as the right to exclude others from doing so.
Step 2: Eliminate options that do not fully capture the concept of ownership.
Option B: Ownership is the right to possess land alone. This option is incomplete, as it only addresses one aspect of ownership (possession) and specifically mentions only land. Option C: Ownership is the right to purchase land or goods. This option is also incomplete, as it focuses on the acquisition of land or goods, rather than the broader rights and responsibilities associated with ownership.
Final Answer
The best definition of ownership is Option A: Ownership is the right to possess land or goods.
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