state ownership
[/steɪt ˈoʊnərʃɪp/]
noun
propriedade estatal
1. The condition or fact of being owned and controlled by the government or state rather than by private individuals or corporations
The state ownership of the railway system ensures public access and affordable fares.
A propriedade estatal do sistema ferroviário garante o acesso público e tarifas acessíveis.
2. Government control and management of industries, enterprises, or assets on behalf of the public interest
State ownership of natural resources is common in many developing nations.
A propriedade estatal dos recursos naturais é comum em muitas nações em desenvolvimento.
State ownership has been a significant political and economic issue in Brazil, particularly regarding utilities, oil (Petrobras), and mining. The term reflects ongoing debates about nationalization versus privatization policies. In Portugal, state ownership continues in key sectors like transportation and energy. In the USA, state ownership is less common but exists in utilities and public services, whereas in socialist or formerly socialist countries it was the dominant economic model.
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