In addition to what others have said, the boundaries between these can change according to the society and time. Fifty years ago, a computer would have been ‘private property’. Nowadays most computers are ‘personal’.
Whether you can own a house or a couple of acres under a hypothetical socialist system would mainly depend on population density. The Soviets used to give young people large tracts of land in rural areas because land isn’t really a scarce resource in Russia. (Vietnam still does this, but the plots are smaller.) On the other hand, Singapore, a capitalist country, has no private land ownership because land is so scarce.
In addition to what others have said, the boundaries between these can change according to the society and time. Fifty years ago, a computer would have been ‘private property’. Nowadays most computers are ‘personal’.
Whether you can own a house or a couple of acres under a hypothetical socialist system would mainly depend on population density. The Soviets used to give young people large tracts of land in rural areas because land isn’t really a scarce resource in Russia. (Vietnam still does this, but the plots are smaller.) On the other hand, Singapore, a capitalist country, has no private land ownership because land is so scarce.