nationalization
noun/ˌnæʃnəlaɪˈzeɪʃn/
/ˌnæʃnələˈzeɪʃn/
(British English also nationalisation)
[uncountable, countable]- the process of putting an industry or a company under the control of the government, which becomes its owner opposite denationalizationdenationalisation, privatizationprivatisation
Definitions on the go
Look up any word in the dictionary offline, anytime, anywhere with the Oxford Advanced Learner’s Dictionary app.
Check pronunciation:
nationalization