State capitalism

State capitalism is an economic system where the state government controls most or all steps of making a product. Capitalism is an economic system calling for the private ownership of factories and everything needed to make a product - called the "means of production". 

In Free-market capitalism, "private ownership" means that one, or a few, private owners who own a business have control over the means of production, even though the workers are the people who make the products. 

Category:Capitalism
Category:State-owned enterprises