Question

mixed economies, governments sometimes tend to take into state ownership troubled firms whose continued operation is thought to be vital to national interests. Once a government takes into state ownership such troubled firms, they are said to be____________.

Answer 1

Answer:

Nationalized

Explanation:

Mixed economies is the economy which is described as the economic system that blends the elements of the market economies with the planned economies elements. It is also stated as the free markets with the state interventionism or with private enterprise with the public enterprise.

Nationalized is the process or procedure for transforming the private assets into the public assets through bringing them under the ownership of public of the national state or government.

So, when government tend to take the state ownership, they are said to be nationalized.