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WAEC Commerce 1994 Question 32

Question 32

Government and Business

The process of taking over private business by government is known as

  1. A.naturalisation
  2. B.nationalisation
  3. C.privatisation
  4. D.commercialisation
  5. E.indigenisation
Show the answer and explanation

Answer: B (nationalisation)

Explanation

Nationalisation is government taking over ownership of private businesses.