Die Verstaatlichung
Example: Die Verstaatlichung der Industrie veränderte die Wirtschaft grundlegend.
Definition
"Die Verstaatlichung" refers to the process by which private industries or assets are transferred into public ownership or control by the government. It typically involves the government taking responsibility for managing and operating these entities, often to achieve broader economic or social goals.
Etymology
The term "die Verstaatlichung" comes from the German root words 'ver-' indicating a process, 'Staat' meaning state, and the suffix '-lich' forming an adjective, combined with '-ung,' which turns the adjective into a noun. It literally means 'the act of making something state-owned.' Did you know that this term gained prominence especially during the 20th century when many countries nationalized industries?
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"Die Verstaatlichung" appears in the Vocaplus list "", containing 210 commonly used words.
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