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Summary- CIE BUSINESS 9609 Unit 1 Business and it's environment (A Level) External Influences on Business Activity, Political and Legal $7.99   Add to cart
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Summary- CIE BUSINESS 9609 Unit 1 Business and it's environment (A Level) External Influences on Business Activity, Political and Legal
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  • Course
  • Unit 1 - Business and its environment
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  • CIE

This document provides in depth explanation and knowledge about Unit 1 - Business and it's environment(A Level/ Year 2). 6.1 External Influences on Business Activity, Political and Legal. This particular document deals with the advantages and disadvantages of nationalization.

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Document information

  • August 21, 2024
  • 4
  • 2024/2025
  • Summary

Subjects

  • business
  • business studies
  • a level
  • humanities
  • 9609
  • external influences on business activity
  • advantages and disadvantages of nationalization

Written for

  • A/AS Level
  • CIE
  • Business
  • Unit 1 - Business and its environment
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The advantages and disadvantages of
nationalization in a given situation

Nationalization refers to the process by which a government
takes control of a privately owned industry or company and
converts it into state ownership. The decision to nationalize an
industry or company can be driven by political, social, or
economic factors. Below are the advantages and
disadvantages of nationalization in a given situation.

Advantages of Nationalization

Control Over Strategic Industries
● Public Interest: Nationalization allows the government to
control industries that are vital to the economy or
security, such as utilities, transportation, and natural
resources. This ensures that these industries are
managed with the public's interest in mind rather than for
private profit.
● Economic Stability: By controlling key sectors, the
government can ensure consistent service delivery and
protect the economy from the instability that can occur in
private hands.

Equitable Distribution of Resources
● Reduction of Monopolies: Nationalization can break up
monopolies or prevent oligopolies from exploiting

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