ELI5: Explain Like I'm 5

Ownership society

Ownership society means that you own things like things in your house and the land you live on. It means that you can make decisions about how you want to use them and how you will use them. There are laws and rules that must be followed when you own things, like if you own a house, you have to pay taxes on it. You also need to take good care of whatever you own and make sure it is safe.