________ refers to the takeover of an entire industry by the government.

Question

Quizplus · Accepted Answer

Nationalization refers to the takeover of an entire industry by the government, where the government takes ownership and control of private businesses within that industry. This can happen for various reasons, including economic or political considerations. Decentralization refers to the transfer of power from a central authority to local authorities or individuals. Globalization refers to the increasing interconnectedness and interdependence of countries and economies around the world. Automatization refers to the use of technology to automate tasks and processes, often resulting in increased efficiency and productivity. None of these terms specifically refer to government takeover of an industry.

________ Refers to the Takeover of an Entire Industry by the Government