verb
- to transfer ownership or control of a private industry or company to the government
Usage: third person singular present tense of ‘nationalize’
Examples
- The government nationalizes the oil industry during times of crisis.
- When a country nationalizes its banks, it takes control of the financial sector.
- The new administration nationalizes several key utilities.
- Venezuela nationalizes foreign-owned companies in strategic sectors.
- The socialist party nationalizes major industries as part of its economic policy.
- Britain nationalizes the coal mines after World War II.