1. the process of transferring ownership or control of a private company, industry, or resource to the state or national government
Usage: commonly used in political and economic contexts
2. the process of making someone a citizen of a country
Usage: less common than the first sense; related to citizenship and immigration

Examples

• The nationalization of the oil industry gave the government control over a major economic resource.
• After the revolution, the new regime pursued the nationalization of several large banks.
• Critics argued that nationalization would reduce efficiency and innovation in the sector.
• The company faced nationalization when the government deemed it essential to national security.
• Nationalization of healthcare has been debated in many developed countries.
• The policy of nationalization aimed to redistribute wealth more equitably among citizens.