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.
Learn more about Nationalism at brainly.com/question/27330560
#SPJ1
Mid 1990 the economy entered a period of recession. By definition, a recession is " a period of temporary economic decline during which trade and industrial activity are reduced" (online dictionary). During this time jobs became scarce, taxes were increased for corporations and those with high incomes. Additionally, certain programs were cut in order to save money, NAFTA was put into effect between the United States, Mexico, and Canada. Programs like welfare were reformed. The federal minimum wage was increased which ended up affected about 10 million Americans. The average income per household increased to about 37,000.
Hopefully this helped you!
Answer:
Invaders destroyed important trade routes. Natural resources… ... important trade routes. Natural resources ran out due to overtrading. People changed as a result of cultural diffusion. The government favored certain groups over others. 2 ... Incognit-oh-no… Log in or create an ... 374 people helped. unlock.
Explanation:
