Explain the relationship among the terms nationalization, expropriation, and confiscation

What will be an ideal response?

Expropriation and confiscation are both types of nationalization. In expropriation, a country takes control of a private asset but reimburses the previous owner for its value. In confiscation, no amount is paid by the country seizing the asset.

Business

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Gain on the Sale of Automobile formerly used in the business.

a. Operating b. Investing c. Financing d. Supplemental

Business

Negotiable instruments are used as a substitute for money

Indicate whether the statement is true or false

Business