Nationalisation

usgb/ˌnæʃ.ə.nə.lȷˈzeɪ.ʃən/
noun

The action of transferring ownership of a business or public service from private to public control.

The government announced the nationalisation of several banks.
Visual representation of "nationalisation" - The action of transferring ownership of a business or public service from private to public control.

Often appears as...

  • nationalisation of industries
  • nationalisation policy

Usage tips

Neutral

state ownership, public control, economic policy

Definition 1 of 1
Visual representation of "nationalisation"
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Context

Understand that nationalisation often occurs in response to economic crises or failures.

Illustration for Context
Countries sometimes nationalise industries during economic downturns.
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Political Implications

Recognise the political debates surrounding nationalisation.

Illustration for Political Implications
Nationalisation is often debated among different political ideologies, notably between socialism and capitalism.
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Public Sentiment

Nationalisation can evoke strong opinions among the public, depending on individual economic beliefs.

Illustration for Public Sentiment
Public opinion often sways between support and opposition based on perceived benefits.
Visual representation of the word "Nationalisation"

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