Question

What is nationalization in simple words???

Answer 1

Nationalization is the process of transforming privately-owned assets into public assets by bringing them under the public ownership of a national government or state. Nationalization usually refers to private assets or to assets owned by lower levels of government being transferred to the state.

Answer 2

Nationalism is a way of thinking that says that some groups of humans, such as ethnic groups, should be free to rule themselves.

• The other definition of nationalism is; 'identification with one's own nation and support for its interests, especially to the exclusion or detriment of the interests of other nations. '