IPA: /ˈnæʃənəˌlaɪz/
KK: /ˈnæʃənəˌlaɪz/
To change something from being privately owned to being owned and controlled by the government.
The government decided to nationalize the oil industry to ensure better management and distribution.
Past: nationalized
Past Participle: nationalized
Nationalize → It is formed from "nation" (from Latin *natio*, meaning birth or people) and "-ize" (a suffix used to form verbs meaning to make or to become). The word "nationalize" means to make something into a national property or to bring it under the control of the nation.
Think of 'nation' as a group of people and '-ize' meaning to make — so nationalize means to make something part of the nation.