NATIONALIZATION, PRIVATIZATION AND COMMERCIALIZATION OF BUSINESS

NATIONALIZATION, PRIVATIZATION AND COMMERCIALIZATION OF BUSINESSES
 NATIONALIZATION This simple means the taking over or acquisition of previously privately owned business enterprises by the government for ownership and control. This was what happened in Nigeria after the Nigerian – Biafra war in the early 1970s.  This means that, the formerly private owned primary and secondary schools were acquired from all the private individuals and organizations that originally started and owned them. Such takeovers may be carried out with or without any compensation to those initial owners and nationalization may be partial or total.

TABLE OF CONTENTS  Title page---------i Dedication  ---------ii Acknowledgment  --------iii Table of contents --------iv
Nationalization 1 Reasons for Nationalization1 Opposition of Nationalization 2
Commercialization 4 Meaning and Definition of Commercialization 5 Objective of Commercialization 6 Implication of Commercialization 7
Privatization  Meaning and Definition of Privatization 10 Objectives of Privatization 11 Implication of Privatization 12
References 14