What does a Nation Economy mean?

A State-Owned Industry (SOI) is a legal entity that is created by the government in order to partake in commercial activities on the government's behalf. It can be either wholly or partially owned by a government and is typically earmarked to participate in commercial activities.

A Government business enterprise is an organization that has all of the following characteristics: (a) It is a separate legal entity with the power to contract in its own name and that can sue and be sued. (b) It has been delegated the financial and operational authority to carry on a business. Companies and corporations that are government run are part of what is known as the public sector, while charities and other nonprofit organizations are part of the voluntary sector.

A Private Industry part of the economy that is run by individuals and companies for profit and is not state controlled. Therefore, it encompasses all for-profit businesses that are not owned or operated by the government.

A Black Market (estimated) is an economic activity that takes place outside government-sanctioned channels. Black market transactions usually occur “under the table” to let participants avoid government price controls or taxes.