Home » Economic Terms Dictionary » Nationalization

Definition Of Nationalization:

Takeover of privately owned corporations, industries, and resources by a government with or without compensation.
Common reasons for nationalization include (1) prevention of unfair exploitation and large-scale labor layoffs, (2) fair distribution of income from national resources, and (3) to keep means of generating wealth in public control.

Other Definition Of Economic Terms:

Natural Monopoly
Natural Rate Of Employment
Natural Rate Of Unemployment
Natural Resource
Near Money
Necessaries

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