The word "nationalise" is spelled with two "a"s in the middle, despite the fact that it is pronounced with only one. In phonetic transcription, the word is pronounced /ˈnæʃənəlaɪz/, with the stress on the second syllable. The first "a" is pronounced as "æ," which represents the "short a" sound, while the second "a" is silent. This may seem counterintuitive, but it is a common feature of English spelling. It is important to remember the correct spelling of words, as misspellings can drastically alter their meaning.
Nationalise is a verb that refers to the act of bringing under the control or ownership of the state or government. It involves transferring the ownership of a private industry, property, or enterprise to the nation as a whole. The process of nationalisation typically entails the government acquiring majority shareholding or complete control over a company or industry, in order to manage it in the interest of the nation as a whole.
Nationalisation can occur in various sectors such as finance, energy, transportation, healthcare, and telecommunications. The motives behind nationalisation can differ; they may include social, economic, or political objectives. Supporters of nationalisation argue that it can lead to improved resource allocation, enhanced public welfare, and greater equity in the distribution of wealth. It is often considered a tool for strengthening state control and regulating key sectors of the economy.
The nationalisation process involves legal procedures and negotiations that determine the compensation for the previous owners. The terms and conditions may vary depending on the specific context and legislation of each country. The transferred industry or company then operates under the direct control of the government or through state-owned enterprises.
In summary, nationalise is the action of transferring private ownership of industries, properties, or enterprises to the state or government, with the aim of achieving specific societal objectives or improving overall national control and regulation.
To make national.
Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
The word "nationalise" comes from the noun "nation", which derives from the Old French word "nacion" meaning "birth, rank, or condition", and ultimately from the Latin word "natio" meaning "a people, nation, stock, race". The suffix "-ise" is derived from the Latin suffix "-izare", which signifies the action or process of a verb.
Therefore, "nationalise" means to bring under state control, ownership, or administration, particularly for the benefit of the entire nation or its citizens.