What do you understand by the term 'public and Private property?

Public property refers to assets and resources owned by the government or the community, accessible to all citizens, such as parks, roads, and government buildings. In contrast, private property is owned by individuals or corporations, granting them exclusive rights to use, manage, and dispose of their assets, such as homes, businesses, and personal belongings. The distinction between the two is crucial for understanding property rights, resource management, and the role of government in society.