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Definition: Ownership

Land estimation

Two types of ownership can be distinguished, legal ownership and economic ownership. For national accounts purposes economic ownership is the most relevant concept. The economic owner of entities such as goods and services, natural resources, financial assets and liabilities is the institutional unit entitled to claim the benefits associated with the use of the entity in question in the course of an economic activity by virtue of accepting the associated risks.
Eurostat, Organization for Economic Cooperation and Development (OECD), "Eurostat-OECD compilation guide on land estimation", Luxembourg, Paris, 2015