Word
nationalization
Phoneticsna·tion·al·iza·tion
/ˌnæʃənəɫəˈzeɪʃən/
Uncountable noun
Definition
n. the act of a government taking control of a company or industry that was once owned by private people. This usually happens to make sure a service is available to everyone.
n. the process by which a government takes ownership of an industry, business, or property from private entities. Often used in the context of public utilities or strategic sectors.
Examples
“The government announced the nationalization of the railway system.”
“Economists debated whether the nationalization of the energy sector would lead to better service for the public or less efficiency.”
“The sudden nationalization of the banking sector sent shockwaves through the international market, as investors feared a loss of property rights and a shift toward state-controlled capitalism.”
Examples
simple
“The government announced the nationalization of the railway system.”
contextual
“Economists debated whether the nationalization of the energy sector would lead to better service for the public or less efficiency.”
complex
“The sudden nationalization of the banking sector sent shockwaves through the international market, as investors feared a loss of property rights and a shift toward state-controlled capitalism.”
Etymology
From national + -ization.
Etymology adapted from Wiktionary, available under CC BY-SA 4.0.
Word family
NOUN
ADVERB
- Exam level
- CambridgeCambridgeCambridge English QualificationsThe exam suite from Cambridge University Press & Assessment, from A1 Movers up to C2 Proficiency. The benchmark names double as CEFR labels.C1 AdvancedIELTSIELTSInternational English Language Testing SystemThe 0–9 band test co-owned by the British Council, IDP, and Cambridge. Used for university entry, work, and migration.7.0–8.0TOEFL iBTTOEFL iBTTest of English as a Foreign Language, Internet-Based TestETS's academic English test, the standard route for US university admissions. Scored 0–120, with a 1–6 scale since 2026.1–6 scale: 5.0–5.595–113TOEICTOEICTest of English for International CommunicationETS's workplace English test, big in Japan and Korea. Listening & Reading scores 10–990 and tops out at C1.945–990
- Frequency
- Occasional
- Level
- C1 · Advanced
- Updated
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englishreference.com/q/nationalization