Government Owned Properties

Definition of Government Ownership: -

Government ownership or state ownership is used to refer to the properties that are owned by the state, rather than an individual as in the case of a private property.

The term public property is often used to refer to state ownership, in the sense of controlling activities pertaining to an asset or industry at a local or national level or to the common property of non-state ownership. The process of transforming private properties into public ownership is familiar as nationalization.

Textbooks on Government Ownership: -

• Public Finance and Public Policy: Responsibilities and Limitations of Government, Arye L. Hillman, 2003.
• Property Rights: Cooperation, Conflict, and Law, Terry Lee Anderson, Fred S. McChesney, 2003.

Examples of Government Ownership: -

Example can be stated from, the building, business, resources owned by the state or country.

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