nationalisation

Definition

The act of a government taking ownership and control of a private industry or company to manage it as a public entity.

Etymology

Derived from the English word 'nation' and the suffix '-ize' (to make), the term emerged in the 19th century to describe the transition of control from private interests to the state.

In the news

The article discusses public skepticism regarding the government's proposal to nationalise a private passport and identity card supplier. Critics argue that this move is questionable compared to simply allowing the current private contract to expire.

Netizens query government on acquisition of supplier of international passports and MyKad

Focus Malaysia

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