What does 私有制 (sīyǒuzhì) mean in English?

Card 2433HSK Level 42433/3571
CARD2433
PROGRESS68%
私有制
sīyǒuzhì
private ownership(Noun)

Reveal: Click/Space/Enter/↑↓/w/s/j/kNavigate: ←→/h/l/a/d