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English definition of “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 verb from the Cambridge Learner's Dictionary © Cambridge University Press)

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