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GCE Commerce 1990 Question 89

Question 89

Government and Business

The taking over by state of ownership and control of certain business enterprises is known as

  1. A.indigenization
  2. B.nationalization
  3. C.privatization
  4. D.commercialization
  5. E.rationalization
Show the answer and explanation

Answer: B (nationalization)

Explanation

Nationalisation is government taking over ownership of private businesses.