State ownership
Definition
State ownership refers to the government's control and ownership of industries, businesses, or resources within a country. It means that the state has the power to make decisions about how these assets are used and distributed.
Related terms
Privatization: Privatization is when the government sells its owned assets or industries to private individuals or companies.
Nationalization: Nationalization is when privately-owned assets or industries are taken over by the government.
Command economy: A command economy is an economic system in which production, distribution, and prices are controlled by a central authority (usually the government).
"State ownership" appears in:
Study guides (1)
AP Comparative Government - 3.3 Political Ideologies
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About Fiveable
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CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
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Glossary
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Help Center
© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.