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English definition of “nationalize”

nationalize

verb [T]
 
 
/ˈnæʃənəlaɪz/
If private companies are nationalized, the government takes control of them: [often passive] British Aerospace was nationalized in 1977 by the Labour Party.Business and commerce - general words
nationalization
 
 
/ˌnæʃənəlaɪˈzeɪʃən/ noun [U]
the nationalization of diamond mines
(Definition of nationalize from the Cambridge Learners Dictionary © Cambridge University Press)
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