How Do You Spell NATIONALIZE?

1. Nationalize is a verb that refers to the act of bringing an industry or business under state or government control, ownership, or regulation. It involves transferring the ownership or control of privately owned entities, such as companies, utilities, or resources, into the possession of the state on behalf of the entire nation. Nationalization can occur in various industries, including but not limited to energy, telecommunications, banking, transportation, and natural resources.

   During nationalization, the government assumes responsibility for the operations, management, and decision-making processes of the previously private enterprise. Typically, this involves the expropriation of assets, shares, or control from private owners, shareholders, or investors, often with compensation provided under certain circumstances. Nationalization can be driven by political, economic, or social factors, such as a desire to ensure equal access, enhance public welfare, promote economic stability, or eradicate monopolies.

   The concept of nationalization is often debated due to its potential implications for economic efficiency, market competition, and individual rights. Proponents argue that nationalization can allow for more equitable distribution of resources, enhanced public services, and better regulation of vital sectors. On the other hand, opponents claim that nationalization can lead to inefficiencies, bureaucratic decision-making, and the suppression of private enterprise and entrepreneurship. The degree of nationalization implemented by a government can vary, ranging from complete state control to partial ownership or regulation.

2. To make national.

   Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.

Common Misspellings for NATIONALIZE

The word "nationalize" derives from the combination of two root words: "national" and "-ize".

The root word "national" comes from the Latin word "natio", meaning "nation" or "people". It later evolved into the Old French word "national", which means "common" or "shared by the people".

The suffix "-ize" is derived from the Greek suffix "-izein" or "-izo", which indicates a process or action. It is commonly used in the English language to convert nouns or adjectives into verbs, denoting the idea of making something or causing something to become a certain way.

Therefore, by combining the root word "national" with the suffix "-ize", the word "nationalize" was formed, which means to bring under state or government control, usually with the aim of making it the property or responsibility of the entire nation or its government.

Similar spelling words for NATIONALIZE

Conjugate verb Nationalize

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