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In the highest and best use analysis, maximum productivity is usually considered best use of the property.
Property is generally divided into tangible property and intangible property. Physical properties are visible, tangible, non-physical properties. Furthermore, tangible ownership is ownership over material things, and intangible ownership is intangible rights over things.
For example, gold bars are assets and property. However, while used pillows are considered property, they are not assets unless they are used to generate revenue for a business such as a hotel.
Ownership defines the theoretical and legal ownership of resources and how they are used.
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The Southern Colonies (now known as the states from Maryland, when included with the Chesapeake Colonies, down to Georgia) were founded as privately-owned areas of land that were solely economically influenced by cash crops, such as indigo and tobacco. This is thanks to the lush soil and warm, humid climate perfect for growing. Hope this helps :)
Well I was always told that my rights are freedom of speech worship and vote