public ownership (B2)
noun phrase
Pronunciation: ˈpʌblɪk ˈəʊnərʃɪp
Definition
The state of an enterprise, industry, or asset being owned and controlled by the government or the community as a whole, rather than by private individuals or corporations.
Examples
Public ownership of utilities ensures that essential services are accessible to all citizens.
The debate over public ownership versus privatization of natural resources continues.
Many argue that public ownership leads to greater accountability and social benefit.
How to Use public ownership
- public ownership of (prepositional phrase)
- Indicates what is owned by the public or state. — "The public ownership of the national railway system was a major political issue."
- in public ownership (prepositional phrase)
- Describes something that is currently owned by the public or state. — "The country's energy sector has been in public ownership for decades."
Synonyms of public ownership
Words with a similar meaning to public ownership:
Antonyms of public ownership
Words with the opposite meaning to public ownership:
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