Public ownership is the concept of the state or government owning and managing key industries and assets that are deemed essential to the common good. This concept has gained popularity in recent times due to growing concerns regarding inequality and privatization. Synonyms for public ownerships include state ownership, government ownership, nationalization, and public control. State ownership refers to the state taking over and controlling key industries and assets. Government ownership, on the other hand, refers to the ownership of industries or assets by the government. Nationalization refers to the transfer of ownership of privately-run businesses to the state, while public control denotes the state's power to regulate industries in the public interest.