In a legal sense, property consists of the various rights or interests that people have in it rather than the item itself.

Question

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This is because property rights refer to the legal rights that individuals or entities have over an asset or resource rather than the asset or resource itself. Property can refer to tangible assets such as land or a car, as well as intangible assets such as patents or trademarks.

In a Legal Sense, Property Consists of the Various Rights