What is an owner?

When we speak of the term owner, we refer to the person who owns or owns something in particular. Normally, in the world of economics, property refers to real property, although it can be anything else in which a person (natural or legal) is designated as the owner of that "something".

The person who owns something, has the power over "the thing" (the property) over which this capacity has been attributed. It is about being able to enjoy and enjoy the property as established in the laws that govern it.

It is also important to mention that the object of the property right that is granted to the owner is the one formed by all the assets susceptible of appropriation. 3 conditions must be met: the good must be a useful good; must exist in limited quantity; and it must be capable of occupation (otherwise it would not be property).

However, the latter must be understood in a broad sense. The property of one thing can also fall on other things that are susceptible to being protected. We take the example of intellectual property law or industrial property law.

It should also be noted that the property rights that a person has is not the same in one country or region as in another. Each country will impose its laws or legal frameworks that limit the owners of "things" on what is and not their property. We can even find different classifications of this term depending on the area in which we are. Thus we have:

  • Private owners (companies or individuals) or public owners (referring to public entities or the State).
  • Individual or collective owners, which will depend on whether or not they share the property.
  • Property that participates in making decisions about the future of an asset in an active or passive way.

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