What is the process of nationalization?

Nationalization refers to the process by which a government takes control over privately owned industries or assets. In this context, it typically involves the state acquiring ownership rights to industries, services, or resources that were previously under private ownership. This can occur for various reasons, such as to ensure that essential services are provided to the public, to redistribute wealth more equitably, or to assert control over national resources.

Examples of nationalization include when a government takes over utilities, transportation, or natural resources industries, intending to manage them for the benefit of the public rather than for profit. Such actions are often motivated by a belief that critical sectors should be publicly controlled to serve the broader interests of society and to safeguard national interests.

In contrast, the other options describe processes that do not align with nationalization. The transfer of government ownership to the private sector suggests privatization, while the sale of state assets to individual buyers indicates a movement away from government control. Formation of public-private partnerships involves collaboration between government entities and private companies, rather than outright government takeover of industries.