nationalization Definition
- 1the process of bringing a company or industry under state control or ownership
- 2the transfer of a major branch of industry or commerce from private to state ownership or control
Using nationalization: Examples
Take a moment to familiarize yourself with how "nationalization" can be used in various situations through the following examples!
Example
The nationalization of the railways was a controversial move.
Example
The government announced the nationalization of the oil industry.
Example
The party's manifesto included a pledge to support the nationalization of key industries.
nationalization Synonyms and Antonyms
Synonyms for nationalization
- municipalization
- state ownership
- government control
- public ownership
Phrases with nationalization
the process of transferring only a portion of a company or industry to state ownership or control
Example
The government is considering partial nationalization of the airline industry.
the process of transferring the entire company or industry to state ownership or control
Example
The full nationalization of the telecommunications industry was completed last year.
re-nationalization
the process of returning a previously nationalized company or industry to private ownership or control
Example
The government is considering the re-nationalization of the postal service.
Summary: nationalization in Brief
'Nationalization' [ˌnæʃənəlaɪˈzeɪʃən] refers to the process of bringing a company or industry under state control or ownership. It can be partial or full, and can involve the transfer of a major branch of industry or commerce from private to state ownership or control. Examples include the nationalization of the railways and the oil industry. The term is sometimes informally referred to as 'state takeover.'
