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Definition.com

State sector (n.) is ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠where rich economies socialize cost and risk while privatizing profit, sheltered by national-security exemptions in "free trade" deals.