Nationalization (noun)

1. The process of making something the property of a nation, typically through government action.
2. The process of making a particular industry, service, or activity subject to government control or ownership.

Origin:

Mid 19th century: from national + -ization.

Examples:

1. The nationalization of the country's oil industry was met with mixed reactions from the public.
2. The government's decision to nationalize the healthcare system was meant to ensure universal access to healthcare for all citizens.
3. The nationalization of the banks during the financial crisis helped stabilize the economy.
4. The nationalization of the steel industry was seen as a key step in the country's industrial development.
5. The workers welcomed the nationalization of the factory, hoping that it would lead to better working conditions and job security.