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Why would members of the oligarchy be likely to oppose nationalizing industries? Answer in at least five sentences.

User Wcampbell
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Answer:

The answer is below

Step-by-step explanation:

Given that Nationalizing industries means that the government of the country took over the control of such industries.

Hence members of the oligarchy are likely to oppose nationalizing industries due to certain reasons, some of which are:

1. It will block or stop the members of the oligarchy's dominance in these industries.

2. It will greatly reduce or eliminate their monopolistic influence on the industries.

3. It will reduce their huge profits and expose their bad business practices in these industries.

User Cbranch
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