How did the decision to nationalize some important industries impact Britain's economy?

History

2 answers:

Nady [450]3 years ago

7 0

<span>c.Forced the government to prop up industries.</span>

tamaranim1 [39]3 years ago

3 0

Answer:

The nationalization of certain industries allowed Britain's economy by forcing the government to prop up industries.

Explanation:

The nationalization of certain important industries allowed the industries to be incentivized and improved by the government. The industries suffered from a very competitive free market that weakened them by competing with countries that had cheaper production costs and that had a better development due to their history and mark in the global market. Thus, by being adopted by the Britain government they received a good source of money to make them competitive and attended. That if not being performed would have left the industries under uncompetitive means.

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