What is the best definition of ownership?

Question: What is the best definition of ownership?

Ownership simply means that on anything or we can say that if there is ownership on any type of business. It means that business and organization belongs to a particular person on which he has his own right and not anyone else's, whatever kind of business is there. All his decisions are of a particular person and if there is profit and loss, then the person responsible for it is also the particular person. If we see a simple example of ownership, then only the owner of that house has the right to any house and property.