ECONOMICS
TECHNOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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owned by an individual.
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owned by the government.
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used for private businesses.
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None of the above
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Detailed explanation-1: -Hint:Those properties which can be used by the public are called public property. It means that public property is dedicated to the public. It is not an individual or private property. This property is usually owned by the state or government.
Detailed explanation-2: -Those property which are dedicated towards the utilisation and benefits of public and has exclusive ownership of the government. These properties includes-Railways, Roads and Parks etc.
Detailed explanation-3: -> Public properties are land and buildings owned and directly managed by the public authorities which are used for the public purpose. > Private properties are lands and buildings owned by the individuals and institutions.
Detailed explanation-4: -Government Property means all property owned or leased by the Government. Government property includes both Government-furnished and Contractor-acquired property. Government property includes material, equipment, special tooling, special test equipment, and real property.