The taken over by government of enterprises formerly owned by private person is referred to as?

The taken over by government of enterprises formerly owned by private person is referred to as nationalization. Nationalization refers to the transfer of ownership and control of private property to the government. This can be done for various reasons such as to ensure the smooth functioning of essential services, for public welfare, and to regulate key industries in the economy. Nationalization typically involves the government taking over the assets and operations of a private company, which then becomes a state-owned enterprise.