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).