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Preferred term

nationalization  

Definition

  • Nationalization is the involuntary transfer of private property to government ownership through confiscation, expropriation, or seizure, often with no compensation paid to the private owner. If the asset is transferred through a forced sale, the price is usually nonnegotiable and often set below the fair market value. [Source: Encyclopedia of Business Ethics and Society; Nationalization]

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URI

https://concepts.sagepub.com/social-science/concept/nationalization

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