State Ownership - Public Property

Public Property

There is a distinction to be made between state ownership and public property. The former may refer to assets operated by a specific organization of the state used exclusively by their operators or that organization, such as a research laboratory, while public property refers to assets and resources that are available to the entire public for use, such as a public park (see public space).

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Famous quotes containing the words public and/or property:

    Success and failure on the public level never mattered much to me, in fact I feel more at home with the latter, having breathed deep of its vivifying air all my writing life up to the last couple of years.
    Samuel Beckett (1906–1989)

    It is a well-settled principle of the international code that where one nation owes another a liquidated debt which it refuses or neglects to pay the aggrieved party may seize on the property belonging to the other, its citizens or subjects, sufficient to pay the debt without giving just cause of war.
    Andrew Jackson (1767–1845)