Question on: JAMB Commerce - 2024
The main objective of nationalization of industries is to
A
prevent existing firms from liquidation
B
Make more profit for the government
C
prevent all aliens from taking part in the business activities of a country
D
bring an Industry under state ownership and control
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Correct Option: D
Nationalization is the process of taking a private industry or asset into state ownership. The primary goal is to bring the industry under the control and ownership of the government. This control can be used to achieve various objectives, such as improving public services, boosting economic growth, or advancing social welfare.
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