Volkseigener Betrieb in the context of "Economy of East Germany"

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⭐ Core Definition: Volkseigener Betrieb

Volkseigener Betrieb (VEB; German for "Publicly Owned Enterprise") was the main legal form for state-owned enterprises in the planned economy of the German Democratic Republic (East Germany). VEBs constituted the majority of the economy of East Germany, including most industrial and service enterprises, and employed 79.9% of the East German workforce by 1989.

VEBs were organised by the State Planning Commission of the Council of Ministers, first into vertically integrated units called Associations of Publicly Owned Enterprises Vereinigung Volkseigener Betriebe (VVBs) until these were reformed into Kombinat by the 1980s. Production and investment were set by the State Planning Commission and ministry industries under the control of the Socialist Unity Party of Germany. VEBs struggled to compete in the market economy during German reunification due to outdated and labour intensive practices, which made many of them unprofitable and heavily in debt. Around 8,000 VEBs were transferred to the Treuhandanstalt for privatisation and most were liquidated from 1990 to 1994.

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Volkseigener Betrieb in the context of Dresden Porcelain

The Sächsische Porzellan-Manufaktur Dresden GmbH (Saxon Porcelain Manufactory in Dresden Ltd), generally known in English as Dresden Porcelain (though that may also mean the much older and better-known Meissen porcelain), was a German company for the production of decorative and luxury porcelain. Founded in 1872, it was located in Potschappel, a suburb of the town of Freital in the Sächsische Schweiz-Osterzgebirge district about 8 km (5 mi) southwest of Dresden, the capital of Saxony.

The company has had a chequered history of ownership including its period as a nationalised VEB (People's Owned Enterprise) in former East Germany. Russian businessman Armenak S. Agababyan owned 50% from 2005 to 2008 when he became sole owner, and the company had been exporting 80% of its products. The main markets were the Russian, Asian and Arab regions. In January 2020, Agababyan announced that  production would cease indefinitely, with two employees being retained to continue sales of stock from the showroom in Carl-Thieme-Straße and the shop in Dresden until the end of 2020 when the company was finally dissolved.

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Volkseigener Betrieb in the context of Quality control

Quality control (QC) is a process by which entities review the quality of all factors involved in production. ISO 9000 defines quality control as "a part of quality management focused on fulfilling quality requirements".

This approach places emphasis on three aspects (enshrined in standards such as ISO 9001):

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