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Ownership refers to the legal and financial right to possess, control, and use property, assets, or resources. It is the state or condition of owning something, which provides individuals with exclusive rights and responsibilities over the item or asset. Ownership is an essential aspect of economic and social organization, as it enables individuals to create and accumulate wealth, take responsibility for their possessions, and make decisions about how they are utilized. It is also a foundational concept for businesses, governments, and societies, as ownership structures are crucial for determining power, influence, and accountability.
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