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public enterprise

noun
1.
economic activity by governmental organizations Compare private enterprise (sense 1)
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Contemporary definitions for public enterprise
noun

any economic activity carried out by the government; also, a business or industry controlled by the government

Examples

Utilities (gas, electricity, etc.), broadcasting, telecommunications, and certain forms of transport are examples of public enterprise.

Word Origin

1849

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Encyclopedia Article for public enterprise

public ownership

a business organization wholly or partly owned by the state and controlled through a public authority. Some public enterprises are placed under public ownership because, for social reasons, it is thought the service or product should be provided by a state monopoly. Utilities (gas, electricity, etc.), broadcasting, telecommunications, and certain forms of transport are examples of this kind of public enterprise.

Learn more about public ownership with a free trial on Britannica.com
Encyclopedia Britannica, 2008. Encyclopedia Britannica Online.
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