Public ownership
From Wikipedia, the free encyclopedia
Public ownership is the concept of a community taking possession of assets or an enterprise to achieve an aim that cannot be achieved through private property, typically in pursuit of the public interest or social justice. The public owner could be a local municipality or council, the government of a nation state, or a supra-national organisation. The process of creating a publicly owned enterprise is variously described as nationalisation, socialisation, municipalisation, in contrast to the returning assets to private parties through privatisation.
