nationalization
noun/ˌnæʃənələˈzeɪʃən/
Frequency rank: #16,988 most common English word
Meaning
the process by which a government takes control of a private industry or asset and makes it publicly owned.
Example sentence
The government announced nationalization of the country's largest oil company last year.
Synonyms & related words
- takeover
- appropriation
- expropriation
- collectivization
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