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Thursday, 02 April 2026
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When a government acquires business enterprises formerly owned by individuals, it is ...

When a government acquires business enterprises formerly owned by individuals, it is termed?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Commercialization
  • B Indigenization
  • C Privatization
  • D Nationalization
Correct Answer: Option D
Explanation:
Nationalization is the process of transforming private assets into public assets by bringing them under the public ownership of a national government or state

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