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the dog lives under the shoe
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∙ 13y ago
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When government takes control of industry it is called?
nationalization
What is it called when a company has complete control of an industry or service?
Sounds like a monopoly to me.
What is an economy that has little government control called?
What is an economy that has little government control called?
When business gains complete control of an industry it is called?
When business gains complete control of an industry it is called a monopoly. In the United States, monopolies are illegal by statute.
What is it called when a government runs an industry?
When a government tells the owners of an industry what to make and how much, that is called fascism. When the government owns the factories and machinery and employs the managers, that is called socialism. Both are dictatorial in nature and the opposite of freedom.
What is it called when a business has complete control over an industry?
Monopoly
Gaining almost total control of an industry called?
Monopoly.
What is it called when the government takes over a private industry?
Nationalisation
What is it called when most of the industry is owned by the people and some is owned by the government?
When most of the industry is owned by private individuals, it is called privatization.
What is it called when a single company is strong to control an entire industry?
A monopoly
What is it called when people control the government by voting for the law that they want?
The type of government is called a democracy.
What is it called when the people control the government?
If the people are in control of the government, it is a republic. If the people have a say in the government (like how it works, who is in it, etc.), it is a democracy.
