nationalize (C1)

verb

Pronunciation: /ˈnæʃnəlaɪz/

Definition

To transfer ownership of land, industries, or resources from private individuals or companies to the state or government.

Examples

• The new socialist government promised to nationalize the banks and key industries.

• Many developing countries have nationalized foreign-owned oil fields to gain more control over their resources.

• Critics argued that nationalizing the healthcare system would lead to inefficiency and long waiting times.

How to Use nationalize

nationalize sth (prepositional phrase)

To transfer ownership of something (industry, company, resource) to the state. — "The government plans to nationalize the railway system next year."

Synonyms of nationalize

Words with a similar meaning to nationalize:

• state-own
• publicize
• acquire
• take over

Antonyms of nationalize

Words with the opposite meaning to nationalize:

• privatize
• decontrol

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