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WAEC Commerce 2008 Question 46

Question 46

Government and Business

The takeover by government of Sanking Sillah and Sons Ltd is referred to as

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

Answer: D (nationalization.)

Explanation

Government taking over a private firm is nationalisation.