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

Question

Quizplus · Accepted Answer

Expropriation and nationalization are both forms of government taking of private property, but they can differ in purpose, scope, and the amount of compensation provided. Expropriation often involves taking specific properties for public use or in the public interest, and the compensation might be at market value or a fair amount. Nationalization typically involves the transfer of an entire industry or sector from private to public ownership, and the compensation might be less generous or based on different criteria. Therefore, the compensation for expropriation could be the same as or higher than for victims of nationalization, depending on the specific circumstances and legal framework in the country where it occurs.

Where the Government Expropriates Property,the Former Owner Will Receive