ríkisrekinn

Ríkisrekinn is an Icelandic term that translates to "state-run" or "state-owned" in English. It refers to entities, businesses, or services that are owned and operated by the government of Iceland. These can range from large public utilities and infrastructure companies to cultural institutions and educational bodies.

The concept of ríkisrekinn reflects a tradition in Iceland where the state plays a significant role in providing essential services and managing key industries. This can be seen as a way to ensure public access, maintain quality standards, and potentially achieve economies of scale. Examples of state-run entities might include the national broadcasting service, public transportation, or certain aspects of the healthcare and education systems.

The extent to which sectors are ríkisrekinn can evolve over time, with periods of privatization and renationalization occurring. The degree of state involvement is often a subject of public and political debate, with discussions centering on efficiency, competition, and the role of government in the economy. Understanding the term ríkisrekinn is key to grasping the structure of Iceland's public sector and its economic landscape.