Privatization and Nationalization are opposing trends. Privatization is when the property of the state is transferred to the hands of the individual. In other words, what was before in the control of the government is now being handed over to private individuals. Nationalization is when the private sector of the individual is taken over by the state.
So privatization is usually seen when the economy is a capitalistic one. In a capitalistic economy, the factors of production will be held more by the individual than the state. Nationalization is seen more where the economy is a socialistic one. In a socialistic economy, the factors of production will be more under the state than the individuals.
The trends of nationalization and privatization are opposing each other. The best economy or situation will be one where there will be a combination of these two factors. This is seen in countries like India.
1. Learn more about nationalism here:
https://brainly.com/question/9604365
2. Learn more about privatization here:
https://brainly.com/question/7972968
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