It is anything people can use, control, sell or exchange.
Property rights mean freedom to do what one chooses with ones property.
With a right to ownership comes the necessity to feel legally secure and protected in the right to use of the property. Labour Legislation now being proposed raises the paramount issue whether an employer or a Minister of government has jurisdiction over critical operations of privately owned business. Entitlement to the free use of the property passes to a government Minister who becomes the final arbiter. Because private property and protection by a Constitution has long been recognized as a fundamental requirement for a civil and prosperous society, it is difficult to comprehend the inevitable degradation of the country when the Labour Bill changes private property rights to collective state rights. It is important for all freedom loving people to recognize the signs and stand in defense of private property and the inherent right of the individual owner to be the sole arbiter of its use.