Question

When does an expropriated investment become a government-run entity?

A. On democratization
B. On domestication
C. On nationalization
D. On prioritization
E. On socialization

Answer 1

Nationalization is the process in which a government takes control of economic assets, such as land or an entire industry, that were previously under private ownership, and becomes a government-run entity.

Step-by-step explanation:

Nationalization is the process in which a government takes control of economic assets, such as land or an entire industry, that were previously under private ownership. The entity in question becomes publicly owned, and this may happen with or without financial compensation for the original owner.

For example, in India, the government nationalized the railroads, electric utilities, and communication systems to benefit the people. Nationalization occurs when a government decides to operate and control these assets in the name of the people rather than for the profits of foreign shareholders.