Longman Dictionary of Contemporary English
public ownership
noun
EXAMPLES FROM CORPUS
▪ Beck was not proposing public ownership of the generating plants, but he did want the province to build the transmission lines.
▪ Debates over important issues, from nuclear weapons to public ownership, have been settled by manipulation rather than persuasion.
▪ In fact, the Globe favored public ownership but believed in fair play for the private interests.
▪ In theory, both are as one in opposing water passing from public ownership and control.
▪ It can be regarded as private ownership at least as readily as it can public ownership.
▪ The claim for nationalization was that public ownership would mean more commitment to those industries by the people who worked for them.
▪ The Government plans to sell 51 % initially, with 46 % staying in public ownership.
▪ Without a significant amount of public ownership therefore, a liberal market system gives companies independence.
Wiktionary
public ownership
n. (context economics English) ownership of an industry by the people or the state; nationalisation