How was nationalism used to give Britain’s textile industry the upper hand?

1 answer:

8 0

Nationalism helps the government to flourish a specific industry, in nationalization the companies are occupied and managed by the government officials.

<h3>What is Nationalization?</h3>

Nationalization is the process in which the private organizations are acquired by the government and then the government officials manage the company and provide their best strategies which makes the company and the industry to flourish.

Nationalization has always been great full for the industries to grow and reach boom. Britain's textile industry was not performing well and for this reason the Great Britain accepted a nationalization strategy which gave the Britain's textile industry the upper hand and so the industry flourished.

There are some countries in the world where nationalization strategy is adopted to ensure the industry and the economy remains to flourish.

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