Meaning, reasons, advantages and disadvantages of nationalization - SS3 Commerce Past Questions and Answers - page 1
1
What is the meaning of nationalization?
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A
Transferring ownership from government to private sector
B
Privatizing industries and resources
C
Transferring ownership from private to government sector
2
Why do governments pursue nationalization?
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A
To promote economic competition
B
To reduce government control over industries
C
To ensure strategic control or protect national interests
3
What is one advantage of nationalization?
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A
Increased efficiency and innovation
B
Reduced government influence over industries
C
Enhanced social welfare and equity
4
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What is one disadvantage of nationalization?
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A
Lack of government control and influence
B
Increased efficiency and competition
C
Potential for political interference
5
What is the main reason for nationalization?
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A
Encouraging private sector investment
B
Promoting economic competition
C
Ensuring strategic control or protecting national interests
6
How does nationalization contribute to social welfare and equity?
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7
What are some challenges associated with nationalization?
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