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What does private ownership mean?

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The term private ownership means that something is owned legally by a private party and not through a government agency. Private shareholders are part of owning the private company.
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What are the forms of private business ownership?

·  Franchises   o A business which has bought the right to trade under an  established name  · Sole  Traders   o Owned, controlled and financed by one person  ·

What are examples of private ownership?

Private ownership is anything owned by an individual or a company  and not the government. Most homes are an example of private  ownership, while the courthouse is owned by

What is the principle of Private Ownership?

The principle of private ownership is the free market belief that property that is owned by the state, or is communally owned, is not respected or preserved as effectively as