Commercialization

/kəˌmɜːrʃəˌmɪzeɪʃən/

Meaning & Definition

noun

The process of bringing new products or services to market, particularly involving the transition from a concept or prototype to a commercially viable product.

The commercialization of new technologies often requires significant investment and marketing strategies.

The act of making something available for sale, often prioritizing profit over other values.

The commercialization of public spaces has led to debates about accessibility versus profit.

The process of generating income from various activities, especially in the context of research and innovations.

The university's focus on commercialization has resulted in the development of several startup companies.

Etymology

from commercial + -ization

Common Phrases and Expressions

market economy

An economy in which decisions about production and consumption are made by individual producers and consumers.

go to market

The strategy or process of launching a product or service for sale.

cash cow

A product or service that generates a steady return of profits.

Related Words

commercial

Related to or engaged in commerce.

commodification

The process of turning something into a commodity.

entrepreneurship

The process of starting and running a new business.

Slang Meanings

Big business

When we talk about the commercialization of the internet, we often mean big business moving in.

Sell out

Some artists believe that commercialization means selling out.