nationalization in a sentence
n.
Definition
Nationalization is the process by which a government takes ownership and control of privately-owned industries or assets, often to manage resources for public benefit.
Sample Sentences
- The nationalization of key industries was a central theme in the government's new economic policy.
- Many citizens supported nationalization as a means to ensure public control over vital resources.
- Opponents of nationalization argued that it could stifle innovation and reduce competition in the market.
- The debate over nationalization versus privatization continues to divide policymakers and economists.
- After the nationalization of the railway system, the government promised improved services and reduced fares.
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