Nationalization meaning

The takeover by a government of a private company’s assets and business. Nationalization is a risk to companies doing business in foreign countries that don’t have a strong court system and don’t value democratic principles. A government nationalizes companies in order to obtain their profits and to avoid what it considers to be exploitation of the country’s resources by the foreign company.
0
0
(American) Alternative spelling of nationalisation.
noun
0
0
Advertisement

Origin of nationalization