When a government acquires business enterprises formerly owned by individuals, it is termed?

Commerce

WAEC 2015

A. commercialization
B. indigenization
C. privatization
D. nationalization

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Correct Answer: Option D

Explanation

Nationalization is the process of transforming private assets into public assets by bringing them under the public ownership of a national government or state

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When a government acquires business enterprises formerly owned by individuals, it is termed?

Correct Answer: Option D

Explanation

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