Nationalisation

Nationalisation is the process where a government takes control of private industries or assets, turning them into publicly owned entities. This often occurs to ensure essential services—like healthcare, transportation, or utilities—are accessible to everyone, or to prevent private firms from prioritizing profits over public interest. It can also be used to protect national resources or stimulate economic development. After nationalisation, the government manages these industries, setting policies and prices to serve the public good rather than solely profit motives. The process varies by country and is typically driven by political, economic, or social considerations.