​KembaraXtra – Legal Terms – Nationalized Industries


Nationalized industries are industries transferred into public ownership through legislation.


These industries are usually operated by public corporations on behalf of the state.


In the United Kingdom, many industries were nationalized during the twentieth century to ensure public control over essential services.


From the 1980s onwards, many nationalized industries were returned to private ownership through privatization.


This process commonly involved converting the industries into public companies listed on the Stock Exchange.