Private property and basic economic relation of capitalist economy

The paper deals with two approaches to property research. In literature property means sum of elements of the economic system. This definition does not reflect the real meaning of property. Property is a complicated economical relation between capital and wage labour. The economical content of private property in commodity economy exists in economical forms of production and goods. The use of goods creates a commodity way of appropriation, which results in connection of activity and consumption. Secondary appropriation appears in the process of exchange and distribution.