A state-owned enterprise, commonly known as a government-owned business or state-affiliated entity, is an organization that is owned, controlled, and funded by a government entity. Other synonyms for this term include state-run enterprise, publicly-owned enterprise, and nationalized industry. These enterprises may engage in various industries such as healthcare, transportation, energy, and finance. In some countries, such as China and Russia, state-owned enterprises play a significant role in their national economies. While these enterprises are often subject to government regulation and oversight, they can also face challenges in terms of efficiency and profitability.