What is the best definition of ownership? ownership is the right to possess land or goods. ownership is the right to possess land alone. ownership is the right to purchase land or goods. ownership is the right to purchase goods alone.

Ownership is the right to possess land and goods is the best definition of ownership.

Ownership basically means to take initiative to bring about positive changes. It means not waiting for others to act and caring about the outcome as much as an owner of the company would.

There is a huge difference between possession and ownership. The main difference is that possession requires a physical custody or control of an object while ownership is the right through which something goes to someone.Ownership is important as it serves as key factor in accelerating the growth and development of an individual.

Ownership is the right to possess land and goods

Explanation: