nationalization Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “nationalization” in the English Dictionary

"nationalization" in Business English

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nationalizationnoun [U]

(UK also nationalisation) uk   /ˌnæʃənəlaɪˈzeɪʃən/  us   /ˌnæʃənələˈzeɪʃən/ GOVERNMENT, ECONOMICS
a ​process in which a ​governmenttakescontrol of an ​industry or ​company and becomes its ​owner: the nationalization of sth His ​plansinclude the nationalization of electricity and ​energycompanies. The ​contract they ​signed in October was less ​lucrative than the one they had before nationalization.
(Definition of nationalization from the Cambridge Business English Dictionary © Cambridge University Press)
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