answersLogoWhite

0


Best Answer

nationalisation, is the process of transforming private assets into public assets by bringing them under the public ownership of a national government or state.

User Avatar

Wiki User

8y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is the characteristic of a nationalised industry?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Why are some industries nationalised?

the reason a government may nationalize an industry:1...the industry may be sinking or becoming bankrupt2...the industry may be exploiting customers and need to be reprimanded3....also the industry may be over stepping the consumers right so the government nationalised the industry so that the consumer's/customer's right will be put back into place


Define nationalised industry?

is the state ownership,also called public ownership,government ownership or state property.


What did atlee nationalise?

•The Bank of England and civil aviation were nationalised in 1946. Coal mining, the railways, road haulage, canals and cable and wireless were nationalised in 1947, electricity and gas followed in 1948. The steel industry was nationalised in 1951. By 1951 about 20% of the British economy had been taken into public ownership.


What are the characteristics of hospitality industry?

what are the characteristic of hospitality industry


When the banks in India was nationalised?

banks in india was nationalised in 1969


Should water resources be nationalised or not?

water resources should be nationalised


Is SBI a nationalised bank?

No, SBI is not a nationalised bank. It is one of the greatest bank. It is a public bank but not a nationalised bank. Right now 19 banks were nationalised out of 20, in which SBI i.e. State Bank Of India is not included.


Whether idbi bank is nationalised bank?

IDBI bank is Nationalised bank


Was a characteristic of the Norths economy?

It was focused on technology and industry


Which was a characteristic of the north's economy?

It was focused on technology and industry


Is kvb bank nationalised?

no, its a private bank and it is not nationalized yet !


What did the president seize on April 8 1952 in the efffort to avoid a strike?

Harry Truman nationalised the steel industry on the 8th of April 1952, in order to avoid a strike.