It describes the process of a country bringing an industry or sector under government control or ownership.

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Atkins

2 July, 12:48

It describes the process of a country bringing an industry or sector under government control or ownership.

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Rory Larson · Answer 1

Nationalization describes the process of a country bringing an industry or sector under government control or ownership. It involves the transfer of an industry or property from a private status to the national government. It can be due to many reasons like an attempt of the nation to consolidate their power and unfavorable foreign ownership.