State ownership differs from private ownership in that in state ownership _____.

Question

Quizplus · Accepted Answer

In state ownership, the government or the state owns and controls the assets and operations of a company. The objective of such ownership is not to maximize profits but rather to protect jobs, provide social benefits, and minimize social unrest. Management appointments may not necessarily be based on merit, and managers' compensation may not be determined by competitive market forces.

State Ownership Differs from Private Ownership in That in State