State-owned enterprise (SOE),
Definition of State-owned enterprise (SOE):
A large organization has been formed by the country's government to carry out commercial activities.
State-owned companies (BUMNs) are government-created legal entities for business. They may be wholly or partly owned by the government and are usually for specific commercial activities.
Companies are wholly or partially owned and managed by the government. State-owned companies are common all over the world. Mexican state-owned oil company Pemex is the largest company in Latin America.
State-owned corporations are found all over the world, including the United States, where Freddie Mack and Fannie Mae are listed as Public Funded Companies (GSEs).
How to use State-owned enterprise (SOE) in a sentence?
- In 1998, state-owned companies still employed 45% of Polish industrial workers.
Meaning of State-owned enterprise (SOE) & State-owned enterprise (SOE) Definition