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21 December, 01:04

What does it mean to nationalize an industry?

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  1. 21 December, 02:25
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    Answer: Nationalize an Industry is the term given to the establishment of state ownership and control over a company, service or activity under private sector control and / or ownership for state control or government.

    Nationalization can be a state policy, aimed at a noticeable increase in public sector participation in the economy.
  2. 21 December, 03:37
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    When government takes over a company or industry.
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