Definition, Meaning & Synonyms

commercialization

Noun

kuh-MUR-shuh-luh-ZAY-shuhn

Definition

The process of managing or running something to make a profit.

Examples

The commercialization of the technology has led to its widespread adoption in various industries.
Many universities invest in research with the hope of commercialization for financial gain.
The commercialization of agriculture has transformed traditional farming practices.

Meaning

Commercialization involves taking a product or service from the idea stage to the marketplace, making it available for consumers and aiming to generate revenue.