The takeover by government of Sanking Sillah and Sons Ltd is referred to as

Assessment: WAEC SSCE - Commerce - 2008 (Objective) Subject: Commerce

Question 1 Report

The takeover by government of Sanking Sillah and Sons Ltd is referred to as
Answer Details
The takeover by government of Sanking Sillah and Sons Ltd is referred to as "nationalization." Nationalization is a process in which a government takes control of a private company or industry and makes it under state ownership and control. It can be done for various reasons, such as to ensure public control, to support national interests or to address issues of public welfare.
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