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nationalization

/ˌnæʃənəlaɪˈzeɪʃən/

/ˌnæʃənələˈzeɪʃən/

Translations

nationalizationnoun

nationalizations

The nationalization of the oil industry was a significant political move.

Национализация нефтяной промышленности была значительным политическим шагом.

Additional translations

государственная собственность

Synonyms

public ownership

government takeover

state ownership

nationalizationadjective

/ˌnæʃənəlaɪˈzeɪʃən/

/ˌnæʃənələˈzeɪʃən/

Used attributively before nouns (e.g., "nationalization policy").

nationalizationnoun

The process of transforming private assets into public assets by bringing them under the public ownership of a national government or state.

The nationalization of the railway system was a major policy shift aimed at improving public transportation.

The act of a government taking control of a company or industry, often to ensure that it serves the public interest.

The nationalization of the oil industry was intended to ensure that the profits benefited the entire country.

nationalizationadjective

Relating to or characteristic of the process or policy of bringing private assets under governmental ownership.

The nationalization agenda was a key point in the party's manifesto.