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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.
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∙ 10y ago
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When government takes control of industry it is called?
nationalization
What is it called if a central government runs a nation?
Constitutional monarchy
What is an economy where government owns all production and industry?
Command Economy.
Reasons why government may nationalize an industry?
The industry may be declining or becoming bankrupt. The industry may be exploiting consumers rights and government wants to safe guard its citizens interest.
How did the US government attempt to facilitate the growth of domestic industry?
The US government attempted to facilitate the growth of domestic industry by placing high tariff barriers on foreign imports.
Businesses the federal government runs are called...?
Businesses the federal government runs are called government corporations.
When government takes control of industry it is called?
nationalization
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.
If a central government runs a nation it is called what?
Constitutional monarchy
If a central government runs a nation it is called a .?
Constitutional monarchy
If a central government runs a nation it is Called a?
Constitutional monarchy
What is it called if a central government runs a nation?
Constitutional monarchy
What is government control over a service or industry called?
the dog lives under the shoe
What is an economy where government owns all production and industry?
Command Economy.
Which industry does the venezuelan government own?
Oil industry
Define nationalised industry?
is the state ownership,also called public ownership,government ownership or state property.
