When a government acquires business enterprises formerly owned by individuals, it is termed?
COMMERCE
WAEC 2015
When a government acquires business enterprises formerly owned by individuals, it is termed?
- A. commercialization
- B. indigenization
- C. privatization
- D. nationalization
Correct Answer: D. nationalization
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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