Volkseigener Betrieb (VEB; German for "Publicly Owned Enterprise") was the main legal form for state-owned enterprises in the planned economy of the German Democratic Republic (East Germany). VEBs constituted the majority of the economy of East Germany, including most industrial and service enterprises, and employed 79.9% of the East German workforce by 1989.
Volkseigener Betrieb (VEB; German for "Publicly Owned Enterprise") was the main legal form for state-owned enterprises in the planned economy of the German Democratic Republic (East Germany). VEBs constituted the majority of the economy of East Germany, including most industrial and service enterprises, and employed 79.9% of the East German workforce by 1989.
Source: Wikipedia "Volkseigener Betrieb" · CC BY-SA 4.0
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