Define state ownership? (2024)

FAQs

What is the meaning of state ownership? ›

State ownership is the ownership of an industry, asset or enterprise by the state or a public body representing a community as opposed to an individual or private party.

A state-owned enterprise (SOE) is a legal entity that is created by a government in order to partake in commercial activities on the government's behalf. It can be either wholly or partially owned by a government and is typically earmarked to participate in specific commercial activities.

Government-owned property refers to land or other assets that are legally owned by a government or government entity. Government-owned property may be titled at the federal, state, or local level and may or may not allow unrestricted public access.

SOEs can be owned wholly or in part by the government and are common throughout the world. In the United States, Amtrak, the U.S. Postal Service, and federal mortgage corporations Fannie Mae and Freddie Mac are all examples of state-owned enterprises.

Primary tabs. Ownership is the legal right to use, possess, and give away a thing. Ownership can be tangible such as personal property and land, or it can be of intangible things such as intellectual property rights.

There are many possible definitions of what a state-owned enterprise (SOE) or public enterprise (PE) is. We define PEs as government-owned or government-controlled economic objects that generate the bulk of their revenues from selling goods or services.

Private property refers to the ownership of property by private parties - essentially anyone or anything other than the government. Private property may consist of real estate, buildings, objects, intellectual property (copyright, patent, trademark, and trade secrets).

Each state has its own written constitution, and these documents are often far more elaborate than their Federal counterpart.

Separately, all non-government-owned companies are considered private enterprises. That meaning includes both publicly traded and privately held companies since their investors are individuals.

Public property refers to property owned by the government (or its agency), rather than by a private individual or a company. It belongs to the public at large. Examples include many parks, streets, sidewalks, libraries, schools, playgrounds that are used regularly by the general public.

Why is ownership important? ›

Taking ownership is one of the most important attributes of a successful and effective individual. It is the ability to be accountable for your actions, decisions, and the consequences that come with them. Taking ownership involves taking responsibility for your successes, as well as your mistakes.

What is taking ownership at work? Taking ownership in the workplace means that you hold yourself accountable for the duties that you are responsible for. Regardless of whether things are going good or bad, the ability to take ownership at work means that you can take responsibility for your actions.

A government-run business performs commercial actions on behalf of a government. The US government has several of these, including the passenger railroad company Amtrak, the United States Postal Service and federal mortgage corporations Fannie Mae and Freddie Mac.

State-owned enterprises are undertakings owned or controlled by States, and designed to pursue financial objectives by commercial means. They are also known as Instrumentalities and Parastatals.

A state property is a quantity that is independent of how the substance was prepared. Examples of state properties are altitude, pressure, volume, temperature and internal energy.

Synonyms for State-owned

adj. nationalized. public. adj. publicly owned.

We talk about public ownership when a central or local government owns industries, firms, and other assets such as housing, railways, or coal mines.