The process of bringing a company under exclusive state ownership and control is know as

Assessment: JAMB UTME - Commerce - 1999 Subject: Commerce

Question 1 Report

The process of bringing a company under exclusive state ownership and control is know as
Answer Details
Nationalization is the process of bringing a company or industry under exclusive state ownership and control. This means that the government takes ownership of the company or industry, and it is run by government officials instead of private individuals or organizations. Nationalization can occur for a variety of reasons, such as to increase government revenue, to provide essential services to the public, or to protect national interests.

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