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- Dictionarystate-owned
adjective
- 1. belonging to, funded by, and controlled by the government: "state-owned energy companies"
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adjective
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Legal entity controlled by a government to undertake commercial activities
A state-owned enterprise (SOE) is a government entity which is established or nationalised by a national or provincial government, by an executive order or an act of legislation, in order to earn profit for the government, control monopoly of the private sector entities, provide products and services to citizens at a lower price, implement government policies, and/or to deliver products & services... Wikipedia