Question

SSC Test Questions

The socialist thinkers favour nationalisation of natural resources with a view-

Answer 1

The socialist thinkers favour nationalisation of natural resources with a view to avoid exploitation.

Answer 2

Answer:

The socialist thinkers favour nationalisation of natural resources with a view to avoid exploitation.

Nationalisation is the process of taking privately controlled organisations, firms, assets, resources and placing them under the authority of a public or government organisation.

Explanation:

• Often it happens that the major portion of resources are owned by private sectors, they take unfair advantage of this phenomenon.
• But the poor and middle class people have to bear the brunt of it.
• Thus, the socialists prefer nationalisation of resources so that government can use them for the betterment of people and nation.

Hence, the exploitation of resources can be controlled by nationalisation as per the social thinkers.