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WAEC Commerce 1998 Question 61

Question 61

Government and Business

When an industry formerly owned by individuals is taken over by the government, such an industry becomes

  1. A.privatized
  2. B.nationalized
  3. C.commercialized
  4. D.indigenized
  5. E.legalized
Show the answer and explanation

Answer: B (nationalized)

Explanation

Government takeover of private firms is nationalisation.