English / word
nationalization
noun C1MEANING IN ENGLISH
The transfer of private industry or commerce to government ownership and control.
In context
01
The nationalization of banks was aimed at stabilizing the economy.
02
The nationalization of banks increased state control over finance.
Synonyms
state ownership,public ownership,government takeover
Antonyms
privatization,denationalization,deregulation
Collocations
bank nationalization,nationalization of industry,complete nationalization