Which of the following best describes ownership?

The concept of ownership is fundamentally linked to the rights associated with having property. One of the core aspects of ownership is the right to protect one’s property, which encompasses using legal mechanisms and public authorities to enforce that right. This means that an owner can seek legal recourse if someone infringes upon their property rights, ensuring that their ownership is respected and upheld within the legal framework.

Ownership extends beyond merely having possession of something; it entails a bundle of rights, including the ability to use, exclude others from, and protect the property. The role of public authorities in this context refers to law enforcement and the legal system that aid in safeguarding property rights, thus reinforcing the security and integrity of ownership.

On the other hand, access to public resources and obligations regarding public property do not capture the essence of private ownership. The ability to sell property also represents a facet of ownership but does not encompass the overarching right to safeguard that property against trespass or other infringements. Therefore, the option that refers to the right to protect property is the most comprehensive definition of ownership.