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Steam engines were powered by
Ownership and Control
The legal rights to possess, use, and manage assets or property, and the ability to direct the operations and activities of an entity or resource.
Limited Liability
A legal structure that limits the financial liability of investors or owners to the amount they have invested in a company, protecting personal assets.
Transferability of Ownership
The capability to legally transfer the title or ownership of an asset or property from one entity to another.
Sole Proprietorship
A business structure in which a single individual owns and operates the business, bearing sole responsibility for its debts and obligations.
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