Public ownership

Public ownership (also called government ownership or state ownership) is government ownership of any asset, industry, or corporation at any level, national, regional or local (municipal). The process of bringing an asset into public ownership is called nationalization or municipalization.

Related Topics:
Government - Ownership - Asset - Industry - Corporation - National - Regional - Local - Municipal - Nationalization - Municipalization

~ ~ ~ ~ ~ ~ ~ ~ ~ ~

A government owned corporation (sometimes state-owned enterprise, SOE) may resemble a not-for-profit corporation as it may not be required to generate a profit; although governments may also use profitable entities they own to support the general budget. SOE's may or may not be expected to operate in a broadly commercial manner and may or may not have to face competitive tendering. The creation of a government-owned corporation (corporatization) from other forms of government ownership may be a precursor to privatization.

Related Topics:
State-owned enterprise - Not-for-profit corporation - Corporatization - Privatization

~ ~ ~ ~ ~ ~ ~ ~ ~ ~