| 单词 | nationalization |
| 释义 | nationalizationDefinition Takeover of privately owned corporations, industries, and resources by a government with or without compensation. Common reasons for nationalization include (1) prevention of unfair exploitation and large-scale labor layoffs, (2) fair distribution of income from national resources, and (3) to keep means of generating wealth in public control. Use 'nationalization' in a SentenceTo become a citizen, she had to go through the nationalization process, which would take some time and some effort. The nationalization of the company was unexpected but we prepared for this moment so we simply worked our plan and adapted. If you are buying a foreign company you should know the entire nationalization process before hand so you are ready for it. |
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