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Published in:
1989 | OriginalPaper | Chapter
Public-Sector Firms
Author : G. Gorman
Published in: Business Studies GCSE
Publisher: Macmillan Education UK
Included in: Professional Book Archive
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Nationalised industries (also called public corporations) are firms owned wholly or mainly by the Government. Most of the nationalised industries were created by the Labour Governments of 1945–51,1964–70 and 1974–79. Usually this was done by the Government buying several firms from their private owners and merging them into one large public corporation.