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