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A nationalized industry is one that a government takes over, usually for a fair price in democratic countries, and is now owned and operated by the government. This was a trend that has now reversed itself. More often then not, many nations with government owned industries are making them into for profit enterprises.
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Two reason why the government may nationalize an industry?
the government may nationalize an industry 1-the industry may be sinking or becoming bankrupt 2-the industry may be exploiting consumers rights an need to be repremanded =================== A third reason may be that a nations vital self interest requires the nationalization of various industries.
What is the meaning of government nationalization of industry?
This phase means government take-over of an industry. "nationalize" means the private ownership ends and the industry belongs to the "people" and "they" get the profits if there are any.
Why are some industries nationalised?
the reason a government may nationalize an industry:1...the industry may be sinking or becoming bankrupt2...the industry may be exploiting customers and need to be reprimanded3....also the industry may be over stepping the consumers right so the government nationalised the industry so that the consumer's/customer's right will be put back into place
What is to bring industries under state control?
Nationalize
How do you define Industry under section 2j of industrial dispute Act 1947?
'Industry' under Industrial Disputes Act - The definition of 'industry' is as follows - 'Industry means any business, trade, undertaking, manufacture or calling of employers and includes any calling, service, employment, handicraft or industrial occupation or avocation of workmen. [section 2(j)]. Thus, the definition is very wide. - - The scope is much wider than what is generally understood by the term 'industry'.
Did the Nazi's nationalize industry?
No.
Which American president tried to nationalize the steel industry?
Truman
Two reason why the government may nationalize an industry?
the government may nationalize an industry 1-the industry may be sinking or becoming bankrupt 2-the industry may be exploiting consumers rights an need to be repremanded =================== A third reason may be that a nations vital self interest requires the nationalization of various industries.
What is the meaning of the term government nationalize of industry?
a government takes over and operates factories
What is the meaning of government nationalization of industry?
This phase means government take-over of an industry. "nationalize" means the private ownership ends and the industry belongs to the "people" and "they" get the profits if there are any.
Reasons why government may nationalize an industry?
The industry may be declining or becoming bankrupt. The industry may be exploiting consumers rights and government wants to safe guard its citizens interest.
Definition of Aviation industry?
what is the definition of aviation industry?
What is the meaning of nationalize bank?
Nationalize banks are those banks which are come under government undertakings.
What is the definition of the paint industry?
industry that paints
What is a sentence for the word nationalize?
Nationalize means to make distinctly national. Church designs in that century were nationalized.
What is national as a verb?
As a verb, "national" can mean to make something specific to a particular country or nation. For example, to nationalize an industry means to transfer it from private to state ownership.
Definition of extractive industry?
the industry that involes mining
