nationalization
/ˌnæʃənələˈzeɪʃən/
noun
- The process of a government taking control of a private industry, company, or asset, making it publicly owned.
- The nationalization of the oil industry gave the government control over energy resources.
- After nationalization, the former private bank became a state-owned institution.
- Many citizens debated the nationalization of the railway system.
Antonyms