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Definition
Takeover of privately owned corporations, industries, and resources by a government with or without compensation. Common reasons for nationalization include (1) prevention of unfair exploitation and large-scale labor layoffs, (2) fair distribution of income from national resources, and (3) to keep means of generating wealth in public control.
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nationalization is in the Banking, Commerce & Finance and Economics, Politics, & Society subjects.
nationalization appears in the definitions of the following terms: laissez-faire economics, privatization, monopoly and public ownership
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http://www.businessdictionary.com/definition/nationalization.html