Government ownership refers to the situation where the government controls and manages certain assets, businesses, or services. This can include industries like public transportation, healthcare, and utilities. The aim is often to ensure that essential services are available to all citizens, regardless of their ability to pay. In a system of government ownership, profits generated by these entities typically go back into public services rather than to private shareholders. This approach can help stabilize prices and provide equitable access to resources, but it may also lead to debates about efficiency and the role of the private sector in the economy.