NATIONALIZATION
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.The above text is a snippet from Wikipedia: Nationalization
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nationalization
Noun
The above text is a snippet from Wiktionary: nationalization
and as such is available under the Creative Commons Attribution/Share-Alike License.