noun, noun which may take the genitive case particle 'no'
private ownership; private property
Refers to the legal or economic concept of ownership by individuals or private entities, as opposed to public or collective ownership.
私的所有は資本主義の基本的な概念だ。
Private ownership is a fundamental concept of capitalism.
その土地は私的所有物です。
That land is private property.
Compound of 私的 (private) + 所有 (ownership).