State Ownership Vs. Private Ownership
In the broadest sense, the term private corporation refers to any business not owned by the state. This usage is often found in former Communist countries to differentiate from former state-owned enterprises, but it may be used anywhere when contrasting to a state-owned company.
In the United States, the term privately held company is more often used to describe for-profit enterprises whose shares are not traded on the stock market.
Read more about this topic: Privately Held Company
Famous quotes containing the words state, ownership and/or private:
“When I saw it I was so glad I could not speak. My eyes seemed too little to see it all.... I was a long time without speaking to my friend. To see me always looking and never speaking he thought I had lost my mind. I could not understand where all this could come from.”
—For the State of Maine, U.S. public relief program (1935-1943)
“They had their fortunes to make, everything to gain and nothing to lose. They were schooled in and anxious for debates; forcible in argument; reckless and brilliant. For them it was but a short and natural step from swaying juries in courtroom battles over the ownership of land to swaying constituents in contests for office. For the lawyer, oratory was the escalator that could lift a political candidate to higher ground.”
—Federal Writers’ Project Of The Wor, U.S. public relief program (1935-1943)
“They make a great ado nowadays about hard times; but I think that ... this general failure, both private and public, is rather occasion for rejoicing, as reminding us whom we have at the helm,—that justice is always done. If our merchants did not most of them fail, and the banks too, my faith in the old laws of the world would be staggered.”
—Henry David Thoreau (1817–1862)