Question

A property and it's value are collectively known as

Answer 1

A property and it's value are collectively known as Ownership.

• It is a fact of exclusive rights and legal control over property, either it may be land or ornament or thing or intellectual property.
• The process and mechanics of ownership are actually more complex: one can gain, lose or transfer it in many ways.
• To acquire property on should actually purchase it for money, win it in abet, trade it with other property, receive it as a gift, inherit it, find it, make it, earn it by performing some services, homestead it.
• Owner of any property will have some economic benefits on them.

Answer 2

Explanation: A property and it's value are collectively known as Ownership. webew7 and 11 more users found this answer helpful.