nationalisation
nationalisation — noun
1. the act or policy by which a government takes ownership and control of a private
the act or policy by which a government takes ownership and control of a privately owned company or industry, transferring it from private shareholders to the state so that it is managed as a public asset.
The British government's nationalisation of the coal mines in the 1940s gave the state direct control over energy production.
the nationalisation of [sector] — pattern for specifying the industry
João argued that nationalisation of the railway network would lower ticket prices for passengers.
After the 2008 financial crisis, several governments debated the nationalisation of struggling banks to prevent economic collapse.
Opponents of nationalisation claim that state-run companies are often less responsive to customer needs than private firms.
Indra wrote her university dissertation on the nationalisation of oil industries in the Middle East during the 1970s.
- state ownership
broader term; describes the condition of being state-owned rather than the act of transferring
- public ownership
often used interchangeably, though it can also include ownership by local government or co-operatives
- government takeover
more informal and general; can apply to any level of government and any type of asset
- privatisation
the opposite process — transferring state-owned assets back to private owners
- denationalisation
formal term for reversing a previous nationalisation; less common than privatisation
文法句型
the nationalisation of [something]
用法筆記
This noun is uncountable in standard use — it does not take a plural form ('nationalisations' is rare and non-standard). The spelling 'nationalisation' (with an 's') is the British English convention; in American English the word is spelled 'nationalization' (with a 'z'). Both forms refer to the same concept.