Of the property market. Public property
Public property is land which is owned by a government or community, as opposed to private property, which is any property than is not public property, which may be owned by individuals, groups of individuals (such as corporation). In many republican democracies, “public property” is said to be owned by the people as a commons. (In other types of state, such property is said to be owned by the “state” or the “crown”.)
Most public property is accessible to the general public, such as zoos, libraries, and parks; some is reserved for restricted use, such as military bases and research laboratories.
See also
- Public space
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