What is meant by public ownership?

Public ownership refers to the ownership of assets, resources, or enterprises by the government or the community as a whole, rather than by private individuals or corporations. This can include public services such as healthcare, education, and transportation, as well as Natural Resources like water and land. The goal of public ownership is often to ensure equitable access, promote social welfare, and prevent monopolistic practices. It contrasts with private ownership, where individuals or companies hold control over assets.