A unitary enterprise is a government-owned corporation in Russia and some other post-Soviet states. Unitary enterprises are business entities that have no ownership rights to the assets they use in their operations. This form is only possible for state and municipal enterprises, which operate state or municipal property, respectively. The owners of the property of a unitary enterprise have no responsibility for its operation and vice versa.
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Famous quotes containing the word enterprise:
“What recommends commerce to me is its enterprise and bravery.”
—Henry David Thoreau (1817–1862)