Definition, Meaning & Synonyms

government-corporation

Noun

/ˈɡʌv.ən.mənt.kɔːr.pəˈreɪ.ʃən/

Definition

A government corporation is a legal entity created by a government to undertake commercial activities on its behalf.

Examples

The U.S. Postal Service is an example of a government corporation.
Government corporations can be found in various sectors, including transportation and housing.

Meaning

Government corporations combine state-owned enterprises and private-sector businesses to provide necessary services while aiming to be self-sustainable.