Forms of ownership Prepared by : Uralbaev I


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Forms of ownership

Forms of ownership

Prepared by : Uralbaev I.

Verified by : Bozorov S.

The essence and economic content of property relations

  • Property relations are the result of the development of humanity, forming one of the major relationships of any society’s economic system.
  • Ownership of property means that the owner is in possession of the property and represents the social form of acquisition of this property.

The economic context of property relations determines its inherent features and nature of this relationship can differ not only in specific property forms, but also in one form of ownership.

The economic context of property relations determines its inherent features and nature of this relationship can differ not only in specific property forms, but also in one form of ownership.

Different forms of ownership and their economic content

  • Market economy requires diversity of forms of ownership as the goods are traded only when they have s certain property. The existence of different forms of ownership and their economic criterion and primarily related to the development of the productive forces and the level of generalization of production.

State ownership

  • State ownership –the possession, use and disposition of the property at the disposal of the state belongs to the state. The state property is mainly derived in 2 ways:
  • The nationalization of the private property and the receipt by the state;
  • Construction of enterprises at the expense of public funds, investment in state-owned enterprises and organizations.

Community property

  • Community property means a combination of material and spiritual wealth by individuals united in the community for a specific purpose.
  • Community property includes the property of cooperatives, leaseholders and collective farms, stock companies, economic societies and partnerships, community organizations and religious organizations.

Personal property

  • Personal property is the property of these citizens and serves to meet their individual or family needs. This form of ownership is mostly based on the work of a person or his family, and develops.

Private property

  • Private property is a property that is owned by some individual entrepreneurs and is profitable for its owner. Private property, as well as any other forms of ownership, has its own positive and negative aspect. At the same time, under the conditions of the production of goods, it creates a sense of aspiration to earn income.

Ways of changing form of ownership

Methods of changing the Form of Ownership State ownership and privatization are the key to overcoming monopoly domination of the state, which hampers the development of property, and the broader opportunities for free enterprise entrepreneurship. In fact, privatization is one of the ways to return to the state’s economy.

Property rights can be viewed as an economic good. This attribute has 4 broad components and is often referred to as a bundle of rights:

  • The right to use the good
  • The right to earn income from the goods
  • The right to transfer the goods to others
  • The right to enforce property rights

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