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Nationalization (nationalisation in British English) is the process of transforming privately owned assets into public assets by bringing them under the public ownership of a national government or state. [1] Nationalization contrasts with privatization and with demutualization.
It also guaranteed compensation for the use of their assets at the average operational income of the railroads in the three years previous to nationalization. The act laid down in concrete terms that the nationalization would be only a temporary measure; before, it was not defined as necessarily so.
Railway nationalisation is the act of taking rail transport assets into public ownership. Several countries have at different times nationalised part or all of their railway system. More recently, the international trend has been towards privatisation.
1868 Nationalisation of inland telegraphs under the General Post Office with the Telegraph Act 1868. [69] 1875 Suez Canal Company - The Egyptian share in the company was bought by the government. 1912 Nationalisation of National Telephone Company under the GPO, apart from Portsmouth and Hull. The Portsmouth telephone service was nationalised ...
A house number plaque marking state property in Riga, Latvia. State ownership, also called public ownership or government ownership, is the ownership of an industry, asset, property, or enterprise by the national government of a country or state, or a public body representing a community, as opposed to an individual or private party. [1]
Mercedes-Benz has 2 billion euros ($2.2 billion) in assets that could be threatened by Russian proposals to nationalise the property of foreign firms that leave because of its invasion of Ukraine ...
The phrase is sometimes related to the term class warfare, where the redistribution is alleged to counteract harm caused by high-income earners and the wealthy through means such as unfairness and discrimination. [4] Redistribution tax policy should not be confused with predistribution policies. "Predistribution" is the idea that the state ...
A liquid asset is an economic resource that can be quickly and easily converted into cash. Liquid assets can be sold or exchanged without significantly impacting their value. Examples of liquid ...