In 2008,the British government became the majority owner of the Royal Bank of Scotland,the second-largest bank in Britain,in an attempt to prevent the bank from collapsing.This is an example of ________.

Question

Quizplus · Accepted Answer

D) Governments can change the structure of the economy by nationalizing - assuming ownership of - selected companies or, in extreme cases, even entire industries. Nationalization is less common and more drastic, but it has happened in recent years, most notably during the recent global banking crisis.

In 2008,the British Government Became the Majority Owner of the Royal