Where the government expropriates property, the former owner will receive:

Question

Quizplus · Accepted Answer

Expropriation refers to the state seizure of privately owned property for public use. In some cases, expropriation may occur without compensation, but most countries have laws requiring the government to provide fair compensation to the former owner. The amount of compensation may vary depending on the specific circumstances, but it typically falls somewhere between the compensation given to victims of nationalization (where the government takes over entire industries or sectors) and market value. Therefore, the former owner may receive either the same amount or a higher amount of compensation than a victim of nationalization, making options A and B incorrect. Option D is not entirely incorrect, but it is too broad, as the former owner may receive compensation that falls anywhere between the two extremes. Thus, the best answer is E, as it allows for both possibilities.

Where the Government Expropriates Property, the Former Owner Will Receive