State ownership
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State ownership, also called public ownership or government ownership, is the ownership of an industry, asset, property, or enterprise by the national government of a country or state, or a public bod
Sign denoting state property at a highway right of way in Chicago, Illinois, United States
A house number plaque marking state property in Riga, Latvia
Social ownership
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Social ownership is a type of property where an asset is recognized to be in the possession of society as a whole rather than individual members or groups within it. Social ownership of the means of p
State ownership
…are capitalist market economies that have high degrees of government-owned businesses. Public ownership of the means of production is a subset of social ownership, which is the defining characteristic of a socialist economy. However, state ownership and nationalization by themselves are not socialist, as they can…
Albert Einstein advocated for a socialist planned economy with his 1949 article "Why Socialism?"