Commercialization
volume
British pronunciation/kəmˌɜːʃəlaɪzˈeɪʃən/
American pronunciation/kəˌmɝʃəɫɪˈzeɪʃən/

Definition & Meaning of "commercialization"

Commercialization
01

the process of introducing a new product or service into the market for sale

commercialization

n
example
Example
The company focused on the commercialization of its latest software application.
The commercialization of electric vehicles has increased significantly in recent years.
The government is supporting startups in the commercialization of innovative agricultural products.
Researchers are exploring the commercialization of new medical technologies to improve patient care.
The commercialization of space tourism is becoming a reality with private companies launching missions.
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