State Ownership

State ownership refers to the government holding and controlling assets and resources, such as lands, businesses, or public utilities, on behalf of its citizens. This means that instead of private individuals or companies owning these entities, the state manages them to benefit the public. State ownership can be used to provide essential services, promote economic stability, or ensure equitable access to resources. Examples include public transportation, healthcare services, and utilities like water and electricity. The aim is often to balance social welfare with economic interests, ensuring that public needs are prioritized over profit motives.