When an industry is nationalized, ownership belongs to the?

Assessment: WAEC SSCE - Commerce - 1993 (Objective) Subject: Commerce

Question 1 Report

When an industry is nationalized, ownership belongs to the?
Answer Details
When an industry is nationalized, ownership is transferred from private owners to the government. This means that the government takes control of the industry, and it becomes a state-owned enterprise. Therefore, the correct option is the government.
Read lesson note on Economic Groupings (WAEC)
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