What is the term for a state takeover of an industry or business?

Question

Quizplus · Accepted Answer

Nationalization is the term used to describe the state takeover of an industry or business. This typically involves the government taking control of the assets, operations, and management of the industry or business, often with the goal of increasing public ownership and control. Privatization, on the other hand, involves the transfer of ownership and control from the public sector to the private sector. Syndicalism is a political ideology that advocates for the establishment of a society in which workers and their unions have control over the means of production and distribution. Deregulation involves the removal of government regulations and restrictions on industries and businesses, often with the aim of increasing competition and reducing barriers to entry.

What Is the Term for a State Takeover of an Industry