system of state ownership
Tone colorsmāmámǎmàma
Meanings
1 sense · 3 examplesnoun
system of state ownership; national ownership
formalA socioeconomic system where the state owns the means of production. Its nature varies depending on the social system (e.g., socialist vs. capitalist).
Guó国
jiā家
suǒ所
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
。
State ownership is the foundation of the socialist economic system.
Zài在
zhè这
zhǒng种
guó国
jiā家
suǒ所
yǒu有
zhì制
xià下
，
guān关
jiàn键
chǎn产
yè业
yóu由
zhèng政
fǔ府
kòng控
zhì制
。
Under this system of state ownership, key industries are controlled by the government.
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Zài在
Zhōng中
guó国
，
guó国
jiā家
suǒ所
yǒu有
zhì制
jí即
shè社
huì会
zhǔ主
yì义
quán全
mín民
suǒ所
yǒu有
zhì制
。
In China, state ownership is equivalent to socialist ownership by the whole people.