What does nationalization mean?

Definitions for nationalization

Here are all the possible meanings and translations of the word nationalization.

Princeton's WordNet

  1. nationalization, nationalisation(noun)

    the action of forming or becoming a nation

  2. nationalization, nationalisation(noun)

    the action of rendering national in character

  3. nationalization, nationalisation, communization, communisation(noun)

    changing something from private to state ownership or control

Webster Dictionary

  1. Nationalization(noun)

    the act of nationalizing, or the state of being nationalized


  1. Nationalization

    Nationalization is the process of taking a private industry or private assets into public ownership by a national government or state. Nationalization usually refers to private assets, but may also mean assets owned by lower levels of government, such as municipalities, being transferred to the public sector to be operated and owned by the state. The opposite of nationalization is usually privatization or de-nationalization, but may also be municipalization. Industries that are usually subject to nationalization include transport, communications, energy, banking and natural resources. A renationalization occurs when state-owned assets are privatized and later nationalized again, often when a different political party or faction is in power. A renationalization process may also be called reverse privatization. Nationalization has been used to refer to either direct state-ownership and management of an enterprise or to a government acquiring a large controlling share of a nominally private, publicly listed corporation. Nationalization was one of the major strategies advocated by socialists for transitioning from capitalism to socialism. Socialist ideologies that favor nationalization are typically called state socialism. In this context, the goals of nationalization were to dispossess large capitalists and redirect the profits of industry to the public purse, as a precursor to the long-term goals of establishing worker-management and reorganizing production toward use.

Editors Contribution

  1. nationalization

    The act, procedure and process of nationalizing and transforming private assets and services into public assets and services by bringing them under the public ownership of a national government or state.

    The government were exploring the possibility of nationalizing its steel plants and railways.


  1. Chaldean Numerology

    The numerical value of nationalization in Chaldean Numerology is: 8

  2. Pythagorean Numerology

    The numerical value of nationalization in Pythagorean Numerology is: 9

Images & Illustrations of nationalization

  1. nationalizationnationalizationnationalization


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"nationalization." Definitions.net. STANDS4 LLC, 2018. Web. 20 Jan. 2018. <http://www.definitions.net/definition/nationalization>.

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