Longman Dictionary of Contemporary English homepage

nationalize

 verb
     
Related topics: Economics, Government
na‧tion‧al‧ize also nationalise British English [transitive]
PEPG if a government nationalizes a very large industry such as water, gas, or the railways, it buys it or takes control of it [↪ privatize]:
The British government nationalized the railways in 1948.
—nationalization noun [uncountable and countable]
Definition from the Longman Dictionary of Contemporary English
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