State-owned enterprise

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A state-owned enterprise (SOE) or government-owned enterprise is a business entity created or owned by a central or local government, either through an executive order or legislation. SOEs aim to generate profit for the government, prevent private sector monopolies, provide goods at lower prices, implement government policies, or serve remote areas where private businesses are scarce. The government typically holds full or majority ownership and oversees operations. SOEs have a distinct legal structure, with financial and developmental goals, like making services more accessible while earning profit (such as a state railway). They can be considered as government-affiliated entities designed to meet commercial and state capitalist objectives. The act of turning a part of publicly owned or governmental organizations into a SOE is called corporatization.

Read on Wikipedia · Image Fred Romero from Paris, France, CC BY 2.0