Legally, property other than land, including both tangible property and intangible property, is considered personal property.
Any mobile or intangible asset with a value that can be possessed by a person and isn't classified as real property. Personal property refers to consumer and non-capital products and services, whereas private property often refers to capital or the means of production. Stocks and bonds are examples of investment property that are categorized as capital assets. The entire personal property portfolio also counts as a capital asset.
There are three distinct categories of personal property: tangible, intangible, and listed. Anything that can be held and has a clear worth is considered tangible personal property, whereas anything that cannot be touched or held has intangible personal property.
To know more about Personal property refer to: brainly.com/question/14115723
#SPJ4
<span>Absolute advantage is the ability to produce a good or a service at a lower production cost than competitors. Comparative advantage is the ability to produce a good or service at a lower opportunity cost than competitors.
Absolute advantage refers to the ability to produce a good more efficiently than a competitor, which means at a lower cost. Comparative advantage means that, relative to the cost of producing other products, you can produce the good at a lower cost. This is also known as the opportunity cost. </span><span />
What were the major causes of the American Revolution? The American Revolution was principally caused by colonial opposition to British attempts to impose greater control over the colonies and to make them repay the crown for its defense of them during the French and Indian War (1754–63)
The plebeians exercise their rights of citizenships by dividing society Rome into two groups.
Hope I Helped You!!!
