Public Ownership

Public Ownership - Public ownership is the government ownership of land, streets, utilities, public buildings and, some other various business enterprises. Though this is a very ancient concept it has evolved partly into the premise of eminent domain. For the good of any given community the government can step in and, retrieve private land for the betterment of public consumption. Within the borders of the United States, government entities own, operate and, have taken over the management of the public school system, highways, bridges, overseers of the utility companies as well as other entities for the betterment of the population as a whole.