Individual ownership refers to the legal right of a person to possess and control property or assets. This can include tangible items like real estate, vehicles, and personal belongings, as well as intangible assets such as stocks and intellectual property. Ownership grants individuals the authority to use, sell, or transfer their possessions as they see fit. In many legal systems, individual ownership is protected by laws that ensure the rights of the owner. This concept is fundamental to economic systems, as it encourages investment and responsible management of resources. Individual ownership also plays a crucial role in personal identity and autonomy.