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nationalization

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/ˌnæʃənəlaɪˈzeɪʃən/ · na-tion-al-i-za-tion

The process of transferring ownership of a private sector business or public service to the government.

Meanings

nounformal

The process of transferring ownership of a private sector business or public service to the government.

نجی شعبے کے کاروبار یا عوامی خدمت کی ملکیت کو حکومت کے حوالے کرنے کا عمل۔

قومی ملکیت

qaumi milkiyat

Formal: صحت قومی

Synonyms

public ownershipstate controlgovernment takeoverعوامی ملکیتریاستی کنٹرولحکومتی قبضہ

Antonyms

privatizationderegulationfreedomنجکاریقوانین میں نرمیآزادی

Common Collocations

  • nationalization of industries
  • process of nationalization
  • nationalization policy

Example Sentences

The nationalization of the oil industry was a controversial decision.

تیل کی صنعت کی قومی ملکیت ایک متنازعہ فیصلہ تھا۔

Tail ki san'at ki qaumi milkiyat aik mutnaazah faisla tha.

Nationalization can lead to increased government control in the economy.

قومی ملکیت سے معیشت میں حکومت کا کنٹرول بڑھ سکتا ہے۔

Qaumi milkiyat se ma'eeshat mein hukoomat ka control barh sakta hai.

Many countries resort to nationalization during economic crises.

بہت سے ممالک اقتصادی بحرانوں کے دوران قومی ملکیت اختیار کرتے ہیں۔

Bohat se mulk iqtisadi buhranoun ke doran qaumi milkiyat ikhtiyar karte hain.

Easily Confused With

nationalism:Nationalization refers to the process of taking private assets into public ownership, while nationalism is an ideology focused on promoting the interests of a particular nation.

Word Family

nationalize
verbقومی بنانا
national
adjectiveقومی

See Also

💡 Memory Tip

Think of 'nation' and 'realize' as a way to remember that nationalization is about recognizing nation control.

Imagine a government building taking over a factory to symbolize national control.

📖 Etymology

Origin: Latin "nationalis" — pertaining to a nation

First known use: 1900

The term 'nationalization' emerged in the early 20th century to signify the transfer of private assets to public ownership, often seen in socialist doctrines.