What term describes industry partially owned by the state?

What term describes industry partially owned by the state?

• A. Parastatals
• B. Patron-Client System
• C. Petróleos Mexicanos
• D. Mexican Miracle

Answer: (A)

Parastatals describe enterprises that are owned or substantially controlled by the government, functioning like state-directed corporations within the economy. When an industry is partially owned by the state, it fits this label because the government retains significant influence over governance and strategic decisions. Pemex, Mexico's national oil company, exemplifies how the state can own or closely oversee a key industry. The other options describe different ideas: a patron-client system is about political loyalty networks, and the Mexican Miracle refers to a period of rapid economic growth—neither of which address ownership of industry.

Parastatals describe enterprises that are owned or substantially controlled by the government, functioning like state-directed corporations within the economy. When an industry is partially owned by the state, it fits this label because the government retains significant influence over governance and strategic decisions. Pemex, Mexico's national oil company, exemplifies how the state can own or closely oversee a key industry. The other options describe different ideas: a patron-client system is about political loyalty networks, and the Mexican Miracle refers to a period of rapid economic growth—neither of which address ownership of industry.