Public ownership (also called government ownership, state ownership or state property) refers to government ownership of any asset, industry, or corporation at any level, national, regional or local (municipal); or, it may refer to common (full-community) non-state ownership. The process of bringing an asset into public ownership's called nationalization or municipalization. In primarily market-based economies, government-owned assets are often managed and run like joint-stock corporations with… (More on State-owned)