If a country exerts nationalization over a company's assets and provides compensation,__________ has occurred.

Question

Quizplus · Accepted Answer

When a country exerts nationalization over a company's assets and provides compensation, it is known as expropriation. This means that the government takes control of the assets that were previously owned by a private company, but compensates the company for the value of the assets. This is different from confiscation, which involves the government taking control of assets without providing any compensation. Privatization, on the other hand, involves the transfer of ownership and control of government-owned assets to private companies or individuals. Extraterritoriality involves a country exerting its laws and authority outside of its own territory.

If a Country Exerts Nationalization Over a Company's Assets and Provides