Question

WHAT IS NATIONALIZATION?​

Answer 1

Explanation:

Nationalization refers to the action of a government taking control of a company or industry, which generally occurs without compensation for the loss of the net worth of seized assets and potential income.

Answer 2

Answer:

Nationalization is the process of transforming privately-owned assets into public assets by bringing them under the public ownership of a national government or state. Nationalization usually refers to private assets or to assets owned by lower levels of government being transferred to the state.