Nationalize - Meaning, Definition & English Examples
Nationalize means to transfer private industry or assets into government ownership and control. It is often done to manage key resources or services for public benefit.
Definition:
To transfer private industry or assets to government ownership or control.
Synonyms:
socialize, expropriate, communalize, confiscate
Part of Speech:
verb
Antonyms:
privatize, denationalize
Common Collocations:
nationalize industries, nationalize banks, nationalize resources
Derivatives:
nationalization, nationalized, nationalizing
Usage Tips:
Use "nationalize" when discussing government takeover of private assets; often in political or economic contexts.
Common Phrases:
"nationalize the economy, " "push to nationalize, " "threaten to nationalize"
Etymology:
Derived from "nation," from Latin "natio," meaning birth or tribe, with the suffix "-ize" indicating action.
Examples:
- 1. The government plans to nationalize the railway system next year.
- 2. Many citizens support the move to nationalize healthcare services.
- 3. The president refused to nationalize private oil companies despite pressure.
- 4. Some countries choose to nationalize industries during economic crises.