What does it mean to nationalize an industry?

Nationalize an Industry is the term given to the establishment of state ownership and control over a company, service or activity under private sector control and / or ownership for state control or government.

Nationalization can be a state policy, aimed at a noticeable increase in public sector participation in the economy.

When government takes over a company or industry.

Explanation:

1. government controls industry through policy

2.government is both a consumer and a producer

4. government can use policy t influence economy

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