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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 is a business entity which is established and/or owned by a national or state/provincial government, by an executive order or an act of legislation, in order to earn profit for the government, control monopoly of the private... Wikipedia