Definition

The process of bringing private businesses or assets under the control of the government or state.

Example

The nationalization of the railway system was a significant political move.

Conversation

Have you heard about the recent discussions on nationalization in our country?

Yeah, I read something about it; it's a pretty big deal.

I wonder how it would change the economy if they go through with nationalization.

It could have major impacts, both positive and negative, depending on how it's handled.

Synonyms & Antonyms

Root Explanation

Nationalization → It is formed from "nation" (from Latin "natio", meaning birth or people) and "-al" (meaning pertaining to) combined with "-ization" (a suffix used to form nouns indicating a process). The word "nationalization" refers to the process of making something pertain to a nation, often involving the transfer of private assets into public ownership.

Memory Tip

Think of 'nation' as referring to a group of people and '-ization' as the process of making something happen. This helps you remember that nationalization is the process of making something part of the nation.

Visually Confused Words