Abhijeet final edbjbdjbjbjbjbconomics.pptx

law ogf prproprtty

1. PROPERTY LAW CLASS PRESENTATION PROPERTY BRIEF IDEA OF PROPERTY UNDER COMMUNISM PROPERTY UNDER CAPITALISM CONCEPT OF PRIVATE PROPERTY CVET IN PRIVATE PROPERTY

2. WHAT IS PROPERTY ? PRIVATE PROPERTY SELECTIVE FEW OWNS COLLECTIVE PROPERTY PROPERTY OWNED BY MANY COMMON PROPERTY PROPERTY ACCESIBLE TO ALL {STATE} Property is physical or intangible entity that is “owned” by a person or jointly by a group of persons or a legal entity. BASED UPON TYPE OF OWNERSHIP

3. DIFFERENT IDEAS OF PROPERTY CAPITALISM Common ownership and distribution of property. COMMUNISM Developed from the Works of Karl Marx and Friedrich Engels Property owned by state and accessible to all SOCIALISM Limited private ownership at personal levels Precursor to communism ☭ A n economic system characterized by private ownership of the means of production, with labor solely paid wages. Modern or Industrial Capitalism is evident since 19 th century. Maximization of profit is only Goal.

4. It is essential for Growth of the community Profit Maximization is the only goal. {more the profit more the Surplus more the Growth} You can’t claim ownership for your contribution of labour . Merely wages could be received. Everybody owning resources would result in their depletion. Capitalist perspective of Property

5. Value Exclude Transfer Control Private Property under capitalism CVET

6. SOURCES Sayers, S. (2011). Private Property and Communism. In: Marx and Alienation. Palgrave Macmillan, London. PROPERTY RIGHTS AND CAPITALISM by Paul H. Rubin and Tilman Klumpp , July 27, 2011 (prepared for the Oxford Handbook of Capitalism. Eggertsson , Thráinn . 2003. “Open Access versus Common Property.” In: Terry Anderson and Fred McChesney, eds. Property Rights: Cooperation, Conflict, and Law. Princeton, NJ: Princeton University Press. CLASS NOTES 6 TH JAN 2024.

7. THANK YOU By Abhijeet Gurjar FOR LISTENING WITH PATIENCE