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The taking over of privately owned businesses by the government is called

Commerce
WAEC 2009

The taking over of privately owned businesses by the government is called

  • A. indigenization
  • B. commercialization
  • C. nationalization
  • D. privatization
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Correct Answer: Option C
Explanation

Nationalization involves the transfer of privately owned companies or industries from private individuals to government control

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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