What is another word for state ownership of production?
Pronunciation: [stˈe͡ɪt ˈə͡ʊnəʃˌɪp ɒv pɹədˈʌkʃən] (IPA) 
State ownership of production is a term that refers to a system in which the government controls the means of producing goods and services. This concept is also known as nationalization, collectivization, and public ownership. Nationalization involves the transfer of ownership from private sector firms to the government, while collectivization refers to the formation of collectives or cooperatives that operate under state control. Public ownership encompasses both of these approaches and generally involves the government ownership of key industries, such as utilities, transportation, and healthcare. Other related terms include socialism, communism, and command economy, all of which emphasize centralized control of economic activity.
