how does private ownership differ from community ownership? in shot answer in very short
Answers
Explanation:
Private land is owned and controlled by private individuals while community land is owned and controlled by government authorities or any community. ... The produce coming out of private land is consumed or sold by private individual while the produce of the community land is consumed and shared among a group of people
Private ownership: the property and/or business is owned by an individual or groups of individuals or a “special” individual called a corporation.
Community ownership is a variety of collective ownership where the property and/or business is purchased by a community organisation (often in partnership with the local municipal government) and run for the benefit of the community. E.g. a local conservation area where locals have free/near free use rights, or a store that everyone in the community owns a share in (a municipal co-op).
Just some basic examples. There are many variants due to the specific nature of each property/asset under community ownership, local municipal structure, local municipal laws and by-laws.
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