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Which of the following best describes nationalization?

Which of the following best describes nationalization?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Sale of public corporations
  • B Operation of firms for profit
  • C Transfer of firms to government
  • D Reduction of industrial regulations
Correct Answer: Option C
Explanation:
Nationalization occurs when government acquires ownership and control of privately owned businesses or industries.

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