nationalization
🇺🇸
/ˌnæʃnələˈzeɪʃn/
🇬🇧
/ˌnæʃnəlaɪˈzeɪʃn/
noun
R
When the government takes control and ownership of a business or industry.
The nationalization of the energy sector was announced to ensure equitable distribution of resources.
translation
When the government takes control and ownership of a business or industry.
Word Forms
Plural
nationalizations