Under property ownership, private rights to transfer title belong to individuals or groups, while public rights belong to the state. This description best defines which concept?

• A. Cooperative ownership
• B. Market ownership
• C. Public ownership
• D. Property ownership

Answer: (D)

Property ownership is about who holds the legal rights to possess, use, transfer, and dispose of property. In this description, private rights to transfer title belonging to individuals or groups shows the private side of ownership, while public rights belonging to the state represents the public or government side. Together, these aspects define ownership of property, since ownership covers both private control over title and the state's authority over certain public or state-owned assets. The other options don’t fit because cooperative ownership centers on a specific group’s joint ownership via a cooperative, while public ownership would imply the state has ownership across the board, not the combined private-and-state rights described here.