system of public ownership
Tone colorsmāmámǎmàma
Meanings
1 sense · 3 examplesnoun
public ownership; collective ownership of the means of production
formalA core economic and political concept, especially in socialist contexts. It refers to an economic system where property and capital are owned collectively by the public or the state, rather than by private individuals.
Gōng公
yǒu有
zhì制
shì是
shè社
huì会
zhǔ主
yì义
jīng经
jì济
zhì制
dù度
de的
jī基
chǔ础
。
Public ownership is the foundation of the socialist economic system.
Zhōng中
guó国
de的
jīng经
jì济
zhì制
dù度
yǐ以
gōng公
yǒu有
zhì制
wéi为
zhǔ主
tǐ体
。
China's economic system takes public ownership as its mainstay.
Show 1 more exampleShow fewer examples
Quán全
mín民
suǒ所
yǒu有
zhì制
hé和
jí集
tǐ体
suǒ所
yǒu有
zhì制
dōu都
shì是
gōng公
yǒu有
zhì制
de的
xíng形
shì式
。
State ownership and collective ownership are both forms of public ownership.