Meaning of the word nationalization in English

What does nationalization mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

nationalization

US /ˌnæʃ.ən.əl.əˈzeɪ.ʃən/
UK /ˌnæʃ.ən.əl.əˈzeɪ.ʃən/

Noun

1.

the process of a government taking control of a business or industry:

Example:
Nationalization of agriculture is on the government's agenda.
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