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Dictionary definition: state enterprise
- Article from:
- A Dictionary of Economics
- Author:
Copyright© A Dictionary of Economics 2002, originally published by Oxford University Press 2002. (Hide copyright information)
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state enterprise
A firm founded on the initiative of the state and run by it. The argument for state enterprises is that there are some activities which would be socially beneficial, but are not attractive to private entrepreneurs, and others which would be profitable but involve
natural monopolies
and are therefore not to be trusted to private owners. An example of the first category would be factories to employ the disabled; of the second, provision of essential public ...