Meaning of the word centralization in English

What does centralization mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

centralization

US /ˌsen.trə.lə.ˈzeɪ.ʃən/
UK /ˌsen.trə.laɪ.ˈzeɪ.ʃən/

Noun

the act of bringing things together in one central place

Example:
The company announced the centralization of its operations to a single headquarters.
The government is pushing for greater centralization of power.