Nationalization

Nationalization or Nationalisation is the act of taking assets into state ownership. Usually it refers to private assets being nationalized, but sometimes it may be assets owned by other levels of government, such as municipalities. Similarly, the opposite of nationalization is usually privatization, but sometimes it may be municipalization. Nationalization that happens after a previous privatization is often called renationalization.

See also

• Privatization
• Reprivatization
• Public ownership
• Railway nationalization