What is nationalization of capital goods industry?

Dear student,

Nationalization of capital goods industry refers to when a government takes control of a capital goods company or industry, which generally occurs without compensation for the loss of the net worth of seized assets and potential income.
For example, if government takes control of  companies that manufacture machinery used to create capital goods, electrical equipment, aerospace and defence, engineering and construction projects, it will be termed as nationalization of capital goods industry.

Regards,

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