noun, noun which may take the genitive case particle 'no'
Refers to ownership by private individuals or entities, as opposed to public or state ownership. Often used in legal, economic, and policy discussions.
This land is privately owned.
Open privately owned facilities for public use.
privatization
private land; privately owned land
privately owned forest
Compound of 民 (people, private) and 有 (possession, ownership). The term is a modern coinage used in legal and economic contexts to contrast with public ownership.