nationalize
na‧tion‧al‧ize
(also nationalise British English) /ˈnæʃənəlaɪz/ verb [transitive]
The British government nationalized the railways in 1948.
a nationalised industry
—nationalization /ˌnæʃənəlaɪˈzeɪʃən $ -nələ-/ noun [uncountable and countable]
na‧tion‧al‧ize
(also nationalise British English) /ˈnæʃənəlaɪz/ verb [transitive] Word Family: noun: nation, national, multinational, nationalism, nationalist, nationality, nationalization, nationhood, international, internationalism, internationalist, internationalization; adjective: national, international, multinational, nationalist, nationalistic, nationalized, internationalist; verb: nationalize, internationalize; adverb: nationally, internationally
if a government nationalizes a very large industry such as water, gas, or the railways, it buys it or takes control of it ⇨ privatize: —nationalization /ˌnæʃənəlaɪˈzeɪʃən $ -nələ-/ noun [uncountable and countable]