How are businesses owned in a totalitarian system?

In a totalitarian system, businesses are typically owned and controlled by the state rather than private individuals. The government dictates production, distribution, and pricing, with limited or no autonomy for private enterprise. This centralized control is intended to align economic activities with the regime's political goals, often stifling entrepreneurship and innovation. As a result, the economy tends to be less dynamic compared to systems that allow for private ownership and free market principles.