“Nationalization” or “Nationalisation”—What's the difference? | Sapling (2024)

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“Nationalization” or “Nationalisation”—What's the difference? | Sapling? ›

Nationalization is predominantly used in 🇺🇸 American (US) English ( en-US ) while nationalisation is predominantly used in 🇬🇧 British English (used in UK/AU/NZ) ( en-GB ). In the United States, there is a preference for "nationalization" over "nationalisation" (94 to 6).

Nationalization (nationalisation in British English) is the process of transforming privately-owned assets into public assets by bringing them under the public ownership of a national government or state.

Nationalization is the process of taking privately-controlled companies, industries, or assets and putting them under the control of the government. Nationalization often happens in developing countries and can reflect a nation's desire to control assets or to assert its dominance over foreign-owned industries.

Nationalization has accompanied the implementation of communist or socialist theories of government, as was the case in the transfer of industrial, banking, and insurance enterprises to the state in Russia after 1918, the nationalization of the oil industries in Mexico in 1938 and in Iran in 1951, and the ...

Nationalized and nationalised are both English terms. Nationalized is predominantly used in 🇺🇸 American (US) English ( en-US ) while nationalised is predominantly used in 🇬🇧 British English (used in UK/AU/NZ) ( en-GB ).

the process of a government taking control of a business or industry: Nationalization of agriculture is on the government's agenda. The administration is considering a partial nationalization of some banks. His policy of nationalization alienated much of the population.

Definitions of nationalisation. noun. changing something from private to state ownership or control. synonyms: communisation, communization, nationalization. antonyms: denationalisation, denationalization, privatisation, privatization.

Privatization occurs when a state-run or government enterprise becomes a private, for-profit entity. This is the reverse of nationalization (i.e., de-privatization), whereby a for-profit entity becomes a state-run one.

Answer. Answer: nationalism emphasise a nation's interests and identity,while nationalization involves the government taking Private assets or industries under public ownership and control.

transitive verb. 1. : to give a national character to. 2. : to invest control or ownership of in the national government.

What are 3 disadvantages of nationalization? ›

noun. the action of forming or becoming a nation. synonyms: nationalisation. type of: group action.

Nationalization is the process by which private companies become owned and controlled by the government. It often happens in developing countries when governments wish to seize control of a profitable industry in order to create a sizable income stream for those in power.

It's unlikely that all banks will be nationalized in the U.S. Such actions are viewed as temporary, part of a rescue during events such as a financial crisis. Running banks would be a significant operational undertaking for the U.S. government, even if only the largest banks were nationalized.

Naturalization is the process to become a U.S. citizen if you were born outside of the United States. If you meet certain requirements, you may become a U.S. citizen either at birth or after birth.

Two vastly different words. Nationalization refers to government actions about industry, involving imports and exports and other industrial policies. Naturalization means becoming a citizen of a nation, if you're an immigrant.

noun. /ˌnæʃnəlaɪˈzeɪʃn/ /ˌnæʃnələˈzeɪʃn/ (British English also nationalisation)