What is the meaning of word nationalize?

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

What is an example of nationalize?

Some nationalizations take place when a government seizes property acquired illegally. For example, in 1945 the French government seized the car-maker Renault because its owners had collaborated with the 1940–1944 Nazi occupiers of France.

What is another word for nationalize?

Find another word for nationalize. In this page you can discover 10 synonyms, antonyms, idiomatic expressions, and related words for nationalize, like: specific, socialize, privatize, expropriate, communalize, politics, nationalise, denationalize, nationalization and null.

What is Nationalised in India?

Nationalization refers to the transfer of public sector assets to be operated or owned by the state or central government. In India, the banks which were previously functioning under private sector were transferred to the public sector by the act of nationalization and thus the nationalized banks came into existence.

What is nationalisation in history?

Nationalisation is also used to refer to the transfer of assets and/or enterprises from the hands of municipal and local governments into the ownership of central government.

What are the reasons for nationalisation?

Arguments for Nationalisation include

• Natural Monopoly. Many key industries nationalised were natural monopolies.
• Profit shared with taxpayer.
• Externalities.
• Welfare Issues.
• Industrial Relations.
• Government Investment.
• Free market failure.
• Saved banking system.

How can the government nationalise a company?

Nationalization, therefore, may occur through the transfer of a company’s assets to the state or through the transfer of share capital, leaving the company in existence to carry on its business under state control.

Why are companies nationalized?

Governments nationalise in order to revive or revitalise a declining industry. They do this by ‘pumping’ new investment into the industry.

How do you use nationalize in a sentence?

Nationalize sentence example His formula was “to royalize France and to nationalize the monarchy.” Either the proletariat would proceed to nationalize the entire economy, or inevitably the capitalist system would emerge predominant.

What is an antonym for naturalization?

Antonyms. disapproval natural affectedness unnatural pretentiousness sophistication unlikeness.

Why are banks nationalised?

Indira Gandhi highlighted the purpose of nationalisation – removing control of the few; providing adequate credit for agriculture, small industry and exports; giving a professional bent to bank management; encouraging a new class of entrepreneurs – during her speech.

Why is RBI nationalised?

The National Stock Exchange of India took the trade on in June 1994 and the RBI allowed nationalised banks in July to interact with the capital market to reinforce their capital base.