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- Privatization and nationalization are opposite processes of transferring ownership of a business or an asset123. Privatization is when a business that is owned by the government is sold to a private company or an individual12. Nationalization is when the government buys a business or an asset that is owned by a private company or an individual123.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Privatization is the opposite of nationalization. Privatization is when a business that is owned by the government is sold TO an individual. Nationalization is when the government buys a certain business or firm FROM an individual in the private sector.www.urbanpro.com/class-ix-x-tuition/difference-bet…Privatisation is the process of selling state-owned assets to private companies, while nationalisation is the process of taking private assets into public ownership.differencedigest.com/editors-choice/what-is-the-diff…Privatization is the American spelling, the British spelling is privatisation. Nationalization is the process by which privately owned business is transferred into government or public ownership.grammarist.com/antonyms/privatization-vs-national…
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WebOct 13, 2023 · Privatization is when a government-owned business, operation, or property becomes owned by a private, non-government party. Learn about the different types of privatization, how they work, and their …
WebNov 29, 2020 · Nationalization is when a government takes over a company or industry without compensation, while privatization is when a government sells a company or industry to the private sector. Learn how …
WebNov 15, 2019 · KEYSTONE/GETTY IMAGES. The coal industry was nationalised in 1947. Private owners don't have to agree to transfer ownership to the government - it makes that decision for them. Full...
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