Privately held company in the context of "New York City Subway stations"

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⭐ Core Definition: Privately held company

A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the company's stock is offered, owned, traded or exchanged privately, also known as "over-the-counter". Related terms are unlisted organisation, unquoted company and private equity.

Private companies are often less well-known than their publicly traded counterparts but still have major importance in the world's economy. For example, in 2008, the 441 largest private companies in the United States accounted for $1.8 trillion in revenues and employed 6.2 million people, according to Forbes.

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👉 Privately held company in the context of New York City Subway stations

The New York City Subway is a rapid transit system that serves four of the five boroughs of New York City, New York: the Bronx, Brooklyn, Manhattan, and Queens. Its operator is the New York City Transit Authority, which is itself controlled by the Metropolitan Transportation Authority of New York. In 2015, an average of 5.65 million passengers used the system daily, making it the busiest rapid transit system in the United States and the 11th busiest in the world.

The present New York City Subway system is composed of three formerly separate systems that merged in 1940: the Interborough Rapid Transit Company (IRT), the Brooklyn–Manhattan Transit Corporation (BMT), and the Independent Subway System (IND). The privately held IRT, founded in 1902, constructed and operated the first underground railway line in New York City. The opening of the first line on October 27, 1904, is commonly cited as the opening of the modern New York City Subway, although some elevated lines of the IRT and BMT that were initially incorporated into the New York City Subway system but then demolished predate this. The oldest sections of elevated lines still in operation were built in 1885. The BMT, founded in 1923 and also privately held, was formed from the bankruptcy of the Brooklyn Rapid Transit Company. The IND was created by the City of New York in 1921 to be a municipally owned competitor of the two private companies. Unification in June 1940 by the New York City Board of Transportation brought the three systems under one operator. The New York City Transit Authority, created in 1953 to be a public benefit corporation that acquired the rapid transit and surface line (buses and streetcars) infrastructure of the Board of Transportation, remains the operator of the New York City Subway today.

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Privately held company in the context of Fortune 500

The Fortune 500 is an annual list compiled and published by Fortune magazine that ranks 500 of the largest United States corporations by total revenue for their respective fiscal years. The list includes publicly held companies, along with privately held companies for which revenues are publicly available. The concept of the Fortune 500 was created by Edgar P. Smith, a Fortune editor, and the first list was published in 1955. The Fortune 500 is more commonly used than its subset Fortune 100 or superset Fortune 1000.

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Privately held company in the context of American Enterprise Institute

The American Enterprise Institute for Public Policy Research, known simply as the American Enterprise Institute (AEI), is a center-right think tank based in Washington, D.C., that researches government, politics, economics, and social welfare. AEI is an independent nonprofit organization supported primarily by contributions from foundations, corporations, and individuals.

Founded in 1938, the organization is aligned with conservatism. AEI advocates in favor of private enterprise, limited government, and democratic capitalism. It is governed by a 29-member Board of Trustees. Approximately 185 authors are associated with AEI. Arthur C. Brooks served as president of AEI from January 2009 through July 1, 2019. He was succeeded by Robert Doar.

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Privately held company in the context of Mixed economy

A mixed economy is an economic system that includes both elements associated with capitalism, such as private businesses, and with socialism, such as nationalized government services.

More specifically, a mixed economy may be variously defined as an economic system blending elements of a market economy with elements of a planned economy, markets with state interventionism, or private enterprise with public enterprise. Common to all mixed economies is a combination of free-market principles and principles of socialism. Alternatively, a mixed economy can refer to a reformist transitionary phase to a socialist economy that allows a substantial role for private enterprise and contracting within a dominant economic framework of public ownership. This can extend to a Soviet-type planned economy that has been reformed to incorporate a greater role for markets in the allocation of factors of production.

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Privately held company in the context of Investor-owned utility

Investor-owned utilities (IOUs) are private enterprises acting as public utilities.

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Privately held company in the context of Commercial radio

Commercial broadcasting (also called private broadcasting) is the broadcasting of television programs and radio programming by privately owned corporate media, as opposed to state sponsorship, for example. It was the United States' first model of radio (and later television) during the 1920s, in contrast with the public television model during the 1930s, 1940s, and 1950s, which prevailed worldwide, except in the United States, Mexico, and Brazil, until the 1980s.

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Privately held company in the context of Economy of Singapore

The economy of Singapore is a highly developed mixed market economy with dirigiste characteristics. Singapore's economy has been consistently ranked as the most open, competitive and pro-business in the world. It is also the 3rd least corrupt in the world. Singapore has low tax-rates and the highest per-capita GDP in the world in terms of purchasing power parity (PPP). The Asia-Pacific Economic Cooperation (APEC) is headquartered in Singapore.

Alongside the business-friendly reputation for global and local privately held companies and public companies, various national state-owned enterprises play a substantial role in Singapore's economy. The sovereign wealth fund Temasek Holdings holds majority stakes in several of the nation's largest bellwether companies, such as Singapore Airlines, Singtel, ST Engineering and Mediacorp. With regard to foreign direct investment (FDI), the Singaporean economy is a major FDI outflow-financier in the world. In addition, throughout its history, Singapore has benefited from the large inward flows of FDI from global investors, financial institutions and multinational corporations (MNCs) due to its highly attractive investment climate along with a stable and conducive political environment throughout its modern years.

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Privately held company in the context of Family farm

A family farm is generally understood to be a farm owned and/or operated by a family. It is sometimes considered to be an estate passed down by inheritance.

Although a recurring conceptual and archetypal distinction is that of a family farm as a smallholding versus corporate farming as large-scale agribusiness, that notion does not accurately describe the realities of farm ownership in many countries. Family farm businesses can take many forms, from smallholder farms to larger farms operated under intensive farming practices. In various countries, most farm families have structured their farm businesses as corporations (such as limited liability companies) or trusts, for liability, tax, and business purposes. Thus, the idea of a family farm as a unitary concept or definition does not easily translate across languages, cultures, or centuries, as there are substantial differences in agricultural traditions and histories between countries and between centuries within a country. For example, in U.S. agriculture, a family farm can be of any size, as long as the ownership is held within a family. A 2014 USDA report shows that family farms operate 90 percent of the nation's farmland, and account for 85 percent of the country's agricultural production value. However, that does not at all imply that corporate farming is a small presence in U.S. agriculture; rather, it simply reflects the fact that many corporations are closely held. In contrast, in Brazilian agriculture, the official definition of a family farm (agricultura familiar) is limited to small farms worked primarily by members of a single family; but again, this fact does not imply that corporate farming is a small presence in Brazilian agriculture; rather, it simply reflects the fact that large farms with many workers cannot be legally classified under the family farm label because that label is legally reserved for smallholdings in that country.

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