Nationalization of the economy of the fascist states developed on the basis of private property and of private initiative, but it was subordinated to the tasks of the state.

The fascist government approved pursuit of private profit and gave significant concessions to large corporations, requiring instead that all of their economic activities serve the public interest.

One of the most essential characteristics of the economy of fascist states was extremely high degree of militarization, with a large share of military items in the budget and the total product going to the military.

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