👉 Nationalization is a process or concept in which a state, government, or other entity takes over or controls another entity's property, resources, and activities. This can involve buying out the company or individuals owning the property, taking control of its operations, or making it part of the government or state's infrastructure. The term "nationalization" is often used to describe the process by which a state, government, or other entity takes over or controls another entity's property, resources, and activities.