
Nationalization
Government Control
Nationalization usually implies the government gains direct control over an industry or service.
After the nationalization of railways, the government set the ticket prices.
Not Always Popular
Nationalization can be controversial, with strong opinions both for and against it.
Nationalization of the banks divided public opinion.
Economic Impact
The term often involves significant changes to a country's economy and can affect employment.
The nationalization of steel factories aimed to stabilize jobs.
Compare with
AppropriationConfiscateExpropriateSocialization
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