what is a nationalised industries?

Question

defination of a nationalised company

Answer 1

It is an industry whose ownership is taken over by the government of a country. There's quite a few in Europe. Gazprom in Russia is one that's been in the news lately. Venezuela has nationalized much of its oil industry, they made a significant step just a few days ago. I'm sure American oil companies (and Presidents) aren't happy about it.
Me, I say, more power to 'em. It's their oil, and it wasn't doing them much good having foreign ownership of the companies drilling it.