state-owned company

A state-owned company is a business that is owned and operated by the government. This means that the government holds a significant share or full ownership of the company, and its profits often contribute to public funds. These companies can provide essential services, such as utilities or transportation, and may aim to serve the public interest rather than solely maximizing profit. Examples include postal services or national airlines. The government oversees their operations, which can help create jobs, support the economy, and ensure that necessary services are accessible to everyone.