The involuntary transfer of ownership of a private business or other private property to a national government, either through uncompensated seizure (expropriation) or through forced sale at a government-determined price.
[See also: socialism ]
The involuntary transfer of ownership of a private business or other private property to a national government, either through uncompensated seizure (expropriation) or through forced sale at a government-determined price.
[See also: socialism ]
English glossary of political economy terms. Английский глоссарий политико-экономических терминов. 2012