Definition: State-owned Enterprise (SOE)

State-owned Enterprise (SOE) - "an enterprise (1) in which government is the principal (not necessarily majority) owner or where the state can appoint or remove the chief executive officer (president or managing director) and (2) that produces or sells goods or services to the public or other enterprises, in which revenues are to bear some relationship to cost." - source: Economic Development 4th Edition by E. Wayne Nafziger

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