noun
government enterprise; state-owned enterprise
Refers to a business or industrial operation owned and run by the government. Often used in historical or economic contexts.
戦前、多くの鉄道は官営企業だった。
Before the war, many railways were government enterprises.
官営企業の民営化が進められている。
Privatization of state-owned enterprises is being promoted.
Compound of 官 (government) + 営 (manage, operate) + 企業 (enterprise). The term became common in the Meiji era when the government established model factories and industries.