Nationalization refers to the process by which the government takes ownership and control of private industries or assets. The primary objective of nationalization is to transfer the ownership and control of key industries from private entities to the government. This allows the government to exercise influence over the industry's operations, strategic decision-making, and resource allocation. Nationalization is often driven by the government's desire to safeguard national interests, promote public welfare, ensure economic stability, or pursue specific policy objectives.
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