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.
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.
私有 is a more common and shorter synonym for private ownership, while 私的所有 is a formal compound often used in legal or economic contexts.
公有 means public ownership, the opposite of 私的所有.
Compound of 私的 (private) + 所有 (ownership).