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Nationalization
NATIONALIZATION

Definition: The act or process of bringing an industry or a company under the control of a government which then becomes its owner.
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* All eight elements should be in.


1. Purposeful (connect to #2).

2. Considered necessary, in the national interest, to assume control of the entity.

3. Action is timely, when the entity still has some value.

4. No compensation is paid to the previous owner(s) (to emphasize).

5. Shares in the business are not offered to members of the public.

6. Organization is well-managed on being acquired. That is, new owner (= government) does not make a loss, at the end of financial year, on taking over industry/company.

7. Objective(s) of act is/are achieved, as exactly hoped for.

8. There will be no denationalization, in the future, of the industry or company, whatever issue(s) might arise from the act or process.
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See perfect PRIVATIZATION.

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