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Anthonyling Anthonyling
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________ occurs when a government takes control of a company or industry, which may result in a change in the entire economy.

▸ Privatization

▸ Deregulation

▸ Nationalization

▸ Free-market systems

▸ Monopolistic competition
Textbook 

Business in Action


Edition: 9th
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okaymanokayman
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Nationalization

The line between socialism and capitalism isn't always easy to define, and it doesn't always stay in the same place, either. Governments can change the structure of the economy by nationalizing-taking ownership of-selected companies or in extreme cases even entire industries.

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