Exclusive rights of ownership that allow the use, transfer, and exchange of property are called

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Private property rights refer to the exclusive rights of ownership that allow individuals to use, transfer or exchange property without interference. This includes rights such as the right to sell, rent, or lease the property, and the right to exclude others from using or accessing the property without permission. Nonexclusive property rights, on the other hand, would allow multiple individuals or parties to have some level of shared ownership or access to the property. Common property rights typically refer to shared ownership or access to resources that are collectively owned or managed, such as public parks or natural resources. Public property rights pertain to property that is owned or managed by the government, and may be accessible to the public or limited to specific groups or individuals.

Exclusive Rights of Ownership That Allow the Use, Transfer, and Exchange