Ownership

High school (ages 12+)
People & Society

Name:

Date:

Step 1 · Read the article

Open the article and read it at the level above. Then answer the questions below in your own words.

https://smallwhale.org/articles/ownership

Write what each word means, using the article.

Do not copy the article. Write two things you learned, the way you would explain them to a friend.

Answers below are taken from the article’s stored facts, so they match what the student read.

1. What is the societal impact?Drives economic activity, investment, innovation, and provides personal security and autonomy
2. What does it mean to own something?Ownership means you have the right to keep, use, and control a thing, and you also have to take care of it.
3. How can a person get ownership of a toy or a house?You can get it by buying it, trading it, receiving it as a gift, or inheriting it from someone who passed away.

Asset: A resource with economic value that can be owned, controlled, and exchanged.
Intangible Property: Assets that lack a physical form, such as patents, copyrights, and trademarks.
Alienation: The act of transferring ownership or control of property to another party.