DECA+ Business Management and Administration Practice Exam 2025 – All-in-One Guide to Guaranteed Success!

Question: 1 / 400

What does nationalization refer to?

The privatization of government-owned enterprises

The transfer of ownership of assets to the government

Nationalization refers to the transfer of ownership of assets and industries from private individuals or companies to the government. This process often involves the government taking control of important sectors of the economy, such as natural resources, public utilities, or financial institutions.

The rationale behind nationalization can vary but usually includes reasons such as wanting to ensure public welfare, maintaining control over essential services, or addressing issues of economic inequality. By doing so, the government aims to align the operation of these assets with national interests and public policy goals.

In contrast, the other options focus on concepts related to privatization and deregulation, which involve reducing government control and increasing private ownership and market competition, rather than the process of transferring ownership to government authority.

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The process of deregulating industries

The selling of state-owned corporations to private investors

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