State Corporation
A State Corporation is a type of government-owned entity that operates in various sectors, such as utilities, transportation, or finance. These corporations are established to provide essential services or manage resources on behalf of the government, often aiming to promote public welfare rather than generate profit.
State corporations are typically funded by taxpayer money and may have specific mandates to ensure they serve the public interest. Examples include public transportation systems and energy providers, which are crucial for the functioning of society and the economy.