Government-owned corporation in the context of "East Germany"

⭐ In the context of East Germany, government-owned corporations are considered a key feature of what broader economic system?

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⭐ Core Definition: Government-owned corporation

A state-owned enterprise (SOE) is a business entity created or owned by a national 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 distinct legal structure, with financial and developmental goals, like making services more accessible while earning profit (such as a state railway). They can be considered as government-affiliated entities designed to meet commercial and state capitalist objectives.

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👉 Government-owned corporation in the context of East Germany

East Germany, officially the German Democratic Republic (GDR), was a country in Central Europe from its formation on 7 October 1949 until its reunification with West Germany (Federal Republic of Germany) on 3 October 1990. Until 1989, it was generally viewed as a communist state and described itself as a socialist workers' and peasants' state. The economy of the country was centrally planned and state-owned. Although the GDR had to pay substantial war reparations to the Soviet Union, its economy became the most successful in the Eastern Bloc.

Before its establishment, the country's territory was administered and occupied by Soviet forces following the Berlin Declaration abolishing German sovereignty in World War II. The Potsdam Agreement established the Soviet-occupied zone, bounded on the east by the Oder–Neiße line. The GDR was dominated by the Socialist Unity Party of Germany (SED), a communist party, before being democratized and liberalized amid the revolutions of 1989; this paved the way for East Germany's reunification with West Germany. Unlike the government of West Germany, the SED did not see its state as the successor to the German Reich (1871–1945). In 1974, it abolished the goal of unification in the constitution. The SED-ruled GDR was often described as a Soviet satellite state; historians describe it as an authoritarian regime.

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Government-owned corporation in the context of Economy of East Germany

The economy of the German Democratic Republic (East Germany; GDR, DDR) was a command economy following the model of the Soviet Union based on the principles of Marxism-Leninism. Sharing many characteristics with fellow COMECON member states — the East German economy stood in stark contrast to the market and mixed economies of Western Europe and West Germany. The state established production targets, set prices, and also allocated resources, codifying these decisions in comprehensive plans. The means of production were almost entirely state-owned. The GDR had an above-average standard of living compared to other Eastern Bloc countries or the Soviet Union, and enjoyed favorable duty and tariff terms with the West German market; in 1989, it was estimated that 50 to 60% of its trade was with Western countries. However by the mid-1980s its economy had reached a state of stagnation, contributing to the process of German reunification.

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Government-owned corporation in the context of Northern Ireland Water

Northern Ireland Water Limited is the main water company in Northern Ireland.

Formerly an executive agency within Northern Ireland Executive, it became a government-owned company on 1 April 2007. The company now sits as an Agency within the Department of Infrastructure (DfI). The company provides 575 million litres of clean water a day for almost 1.8 million people as well as treating 340 million litres of wastewater every day, and has approximately 1,300 staff. It is responsible for 27,000 km of watermains and 16,000 km of sewerage mains, as well as 23 water treatment works and 1,030 wastewater treatment works. It cost around £460m each year to deliver water services across Northern Ireland.

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Government-owned corporation in the context of List of largest private non-governmental companies by revenue

This is a list of the world's largest non-governmental privately held companies by revenue.This list does not include state-owned enterprises like Sinopec, State Grid, China National Petroleum, Kuwait Petroleum Corporation, Pemex, Petrobras, PDVSA and others. These corporations have revenues of at least US$10 billion.

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Government-owned corporation in the context of Long Island Rail Road

The Long Island Rail Road (reporting mark LI), or LIRR, is a railroad in the southeastern part of the U.S. state of New York, stretching from Manhattan to the eastern tip of Suffolk County on Long Island. The railroad currently operates a public commuter rail service, with its freight operations contracted to the New York and Atlantic Railway. With an average weekday ridership of 354,800 passengers in 2016, it is the busiest commuter railroad in North America. It is also one of the world's few commuter systems that run 24/7 year-round. It is publicly owned by the Metropolitan Transportation Authority, which refers to it as MTA Long Island Rail Road. In 2024, the system had a ridership of 83,777,900, or about 325,500 per weekday as of the third quarter of 2025.

The LIRR logo combines the circular MTA logo with the text Long Island Rail Road, and appears on the sides of trains. The LIRR is one of two commuter rail systems owned by the MTA, the other being the Metro-North Railroad in the northern suburbs of the New York area. Established in 1834 (the first section between the Brooklyn waterfront and Jamaica opened on April 18, 1836) and having operated continuously since then, it is the oldest railroad in the United States still operating under its original name and charter.

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Government-owned corporation in the context of Jinhua–Wenzhou Railway

The Jinhua–Wenzhou railway (simplified Chinese: 金温铁路; traditional Chinese: 金溫鐵路; pinyin: Jīnwēn tiělù), also known as the Jinwen line, is a railway in Zhejiang Province, China, connecting Jinhua and Wenzhou. It is the first railway with the investment from a joint venture, between Chinese government-owned corporations and privately held companies in mainland China. The construction of this 252-kilometer (157 mi)-long rail line began on December 18, 1992, and it was opened on June 11, 1998. Upon the completion of its construction, all of the share owned by private shareholders has been transferred to state-own corporations. The railway is now under the supervision of CR Shanghai.

A major upgrade along this route was carried out as the Jinhua–Wenzhou high-speed railway or Jinhua–Wenzhou Rail Expansion Project. Built to a design speed of 350 kilometers per hour (217 mph), this project shortened the rail distance between Jinhua and Wenzhou to 188 kilometers (117 mi). This project opened in December 2015.

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Government-owned corporation in the context of Government National Mortgage Association

The Government National Mortgage Association (GNMA), or Ginnie Mae, is a government-owned corporation of the United States Federal Government within the Department of Housing and Urban Development (HUD). It was founded in 1968 and works to expand affordable housing by guaranteeing housing loans (mortgages) thereby lowering financing costs such as interest rates for those loans. It does that by guaranteeing investors the on-time payment of mortgage-backed securities (MBS) even if homeowners default on the underlying mortgages and the homes are foreclosed upon.

Ginnie Mae guarantees only securities backed by single-family and multifamily loans insured by government agencies, including the Federal Housing Administration, the Department of Veterans Affairs, the Department of Housing and Urban Development’s Office of Public and Indian Housing, and the Department of Agriculture’s Rural Development. Ginnie Mae neither originates nor purchases mortgage loans nor buys, sells or issues securities. The credit risk on the mortgage collateral underlying its mortgage-backed securities primarily resides with other insuring government agencies.

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