Nationalization

/nˌaʃənəlaɪzˈeɪʃən/

/ˌnæʃənəɫəˈzeɪʃən/, /ˌnæʃnəɫəˈzeɪʃən/

[noun]

Nationalization

[NOUN]

the process of transferring ownership and control of privately owned assets or industries to the government

synonyms : communisation

communization

nationalisation

antonyms : denationalization

the action of rendering national in character

synonyms : nationalisation

the action of forming or becoming a nation

synonyms : nationalisation

Examples

1. Collectivism, or the joint ownership of all assets, leads to a nationalization of industry and appropriation of all private goods.

2. And that is nationalizations of oil.

3. These points call for the nationalization of trusts, profit-sharing of big companies, state-run education, and public health insurance for workers and their families .

4. It's like a vast nationalization.