commercialization
/kɒm.ɪrʃəl.aɪˈzeɪ.ʃən/ · com.mer.cial.i.za.tion
noun
- The act of making something, especially a product or service, into a commercial product or service. The company's commercialization of the new technology led to a significant increase in sales.
noun
- The process of adapting something, such as a product or idea, for commercial use or sale. The artist's commercialization of her work led to a successful career in advertising.
noun
- The state of being commercialized, especially in a way that is seen as negative or exploitative. The commercialization of the natural environment has led to concerns about its impact on local ecosystems.
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Did you know? The term 'commercialization' is often used in the context of technology and innovation, where it refers to the process of taking a new idea or product from the laboratory to the market.