Global Trading just learned that the government of one country in which it does business has taken over the entire electric utility industry.The government's actions are an example of ________.

Question

Quizplus · Accepted Answer

Nationalization occurs when a government takes control of a private industry, such as the electric utility industry in this scenario. Confiscation involves the government seizing private property without compensation, expropriation involves the government taking control of foreign property, and globalization refers to the integration of economies and societies through cross-border trade and investment.

Global Trading Just Learned That the Government of One Country