nationalize

Meanings

• Verb

  To make (an industry, business, etc.) the property of the state and under the control of the government.

• Verb

  To bring (a country, organization, etc.) under the control of a single government.

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Antonyms

privatize

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Rhymes

Words rhyming with nationalize
malignize , organize , pacify , sanitize

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Variants

List of all variants of nationalize that leads to same result
nationalization , nationalizations , nationalize , nationalized , nationalizer , nationalizers , nationalizes , nationalizing , nationalise , nationalised , nationalises , nationalising

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Etymology

origin and the way in which meanings have changed throughout history.

From national + -ize

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Trivia

Any details, considerations, events or pieces of information regarding the word

1. The first major instance of nationalization occurred in 1911 when the British government took control of the Anglo-Persian Oil Company (now BP).

2. Nationalization was a common practice during the Soviet era, with the government taking control of virtually all industries and resources.

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Related Concepts

informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to

1. Socialism: Nationalization is a key tenet of socialist economic theory, which advocates for the collective ownership and control of the means of production and distribution.

2. Communism: Nationalization is a central component of communist economic systems, where all property and industry is owned and controlled by the state.

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Culture

Any cultural, historical, or symbolic significance of the word. Explore how the word has been used in literature, art, music, or other forms of expression.

The concept of nationalization is closely related to the idea of the state controlling key industries and resources for the benefit of the nation as a whole. It has been a topic of debate and controversy throughout history, with some arguing that it leads to greater economic equality and others claiming it stifles innovation and competition.

How to Memorize "nationalize"

1. visualize
   

   - Visualize a country's flag being raised over a previously privately-owned business or industry.

2. associate
   

   - Associate the word 'nationalization' with the idea of the government taking control of something for the benefit of the nation.

3. mnemonics
   

   - Use the mnemonic 'Nationalize: Nation's Assets In State's Hands' to help remember the meaning of the word.

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