state-owned enterprise

A state-owned enterprise (SOE), also known as government-owned enterprise, is a business entity created or owned by a central or local government, either through an executive order or legislation. SOEs aim to generate profit for the government, prevent private sector monopolies, provide goods at lower prices, implement government policies, or serve remote areas where private businesses are scarce. The government typically holds full or majority ownership and oversees operations. SOEs have a dist