Public property

Public property is property that is committed to public use. a term may be used either to describe the usage to which a property is put, or to describe the address of its ownership owned collectively by the population of a state. This is in contrast to private property, owned by an individual adult or artificial entities that represent the financial interests of persons, such as corporations. State ownership, also called public ownership, government ownership or state property, are property interests that are vested in the state, rather than an individual or communities.

Differences from private property

Distributing public property into society between separate participants there is no exchange, together with does not conform the owner. Because of that public property in that society, being a product is not a commodity, as well as possessing a price does not pull in a value.

The owner of a private property can rule it at own discretion. Wherein the state reserves the correct to charge taxes and nationalize it, or temporarily use it.