The seventh commandment requires respect for the universal destination and distribution of goods and the private ownership of them, as well as respect for persons, their property, and the integrity of creation. The commandment also forbids the unjust keeping or taking of the good of one's neighbor, as well as wronging the neighbor in any way in respect to his/hers good's or property. The Church also finds in this Commandment the basis for her social doctrine which involves the correct way of acting in economic, social and political life, the right and the duty of human labor, justice and solidarity among nations, and love for the poor.
Further reading: CCC 2401-2402
504. Under what conditions does the right to private property exist?
The right to private property exists provided the property is acquired or received in a just way and that the universal destination of goods for the satisfaction of the basic needs of all takes precedence.
Further reading: CCC 2403
505. What is the purpose of private property?
The purpose of private property is to guarantee the freedom and dignity of individual persons by helping them to meet the basic needs of those in their charge and also of others who are in need.
Further reading: CCC 2404-2406
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