Depriving a person or company of private property without compensation is called ________.
A) expropriation
B) nationalization
C) privatization
D) municipalization

Question

Quizplus · Accepted Answer

Expropriation refers to the taking of private property by the government or a public entity, without the owner's consent, for public use or benefit. This is different from nationalization, which is the transfer of private property to public or government ownership, and from privatization, which is the transfer of public property to private ownership. Municipalization refers specifically to the transfer of services or assets from private ownership to municipal or local government ownership.

Depriving a Person or Company of Private Property Without Compensation