nationalization

[ˌnæʃənəlaɪˈzeɪʃən]

nationalization Definition

• 1. the process of bringing a company or industry under state control or ownership
• 2. the 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

• partial 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.

• full nationalization

  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.

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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.'