1. A commercial enterprise that is owned and operated by the government or state rather than by private individuals or corporations
The national airline is a government-owned business that provides transportation services across the country.
A companhia aérea nacional é uma empresa estatal que oferece serviços de transporte em todo o país.
2. A public sector organization engaged in commercial activities for the benefit of the state and its citizens
Many government-owned businesses in developing countries provide essential utilities like water and electricity.
Muitas empresas estatais em países em desenvolvimento fornecem serviços essenciais como água e eletricidade.