What were the negative impacts of nationalization on commerce and trade?

Ans: Negative Impacts: 1.Inflation affected the salaried class the most. Devaluation of currency though increased export, but also increased the price of commodities. 2.The import of luxury goods increased. There was an increase in the import expense of machinery which affected the balance of payment. 3.Due to the burden on the national treasury, the secure … Read more