nationalization
(noun)
/ˌnæʃnələˈzeɪʃn/
Giải nghĩa:
The act of transferring the ownership of a private business or industry to the government.
The act of transferring the ownership of a private business or industry to the government.
Ví dụ:
The nationalization of the health care industry caused a lot of change in the country's economy.
The nationalization of the health care industry caused a lot of change in the country's economy.
Cách sử dụng
Nationalization is a word used to describe what happens when a government takes over control of a business or industry that was previously owned by private individuals or companies. This can happen for a variety of reasons, but it typically involves the government believing that it can better serve the needs of the country by controlling the business or industry directly. For example, a government might nationalize a company that provides a vital service like electricity, so that it can ensure that everyone in the country has access to reliable electricity at affordable prices. Nationalization can be controversial, and it often involves difficult decisions about balancing the interests of the government, the business owners, and the workers who are affected by the change.
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