What is the meaning of the term government…

Discussion in 'Social Studies' started by DiplieflY, Aug 7, 2017.

  1. DiplieflY

    DiplieflY New Member

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    What is the meaning of the term government nationalization of industry
     
  2. Kiarfarmer

    Kiarfarmer New Member

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    This is where the federal government takes over a specific industry and keeps it under federal control, rather than it being part of the flow of the economy and the private sector. This can be seen in Soviet Russia, where the government nationalized nearly everything to make everything equal, but the plan failed.
     

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