Commercialisation (Noun)
Meaning
The act of commercializing something; involving something in commerce; "my father considered the commercialization of Christmas to be a sacrilege"; "the government tried to accelerate the commercialization of this development"; "both companies will retain control over the commercialization of their own products".
Classification
Nouns denoting acts or actions.
Examples
- The company's decision to license its technology to a third party marked the beginning of its commercialisation.
- The commercialisation of space travel is expected to revolutionise the tourism industry in the coming decades.
- Critics argue that the commercialisation of healthcare has led to a focus on profit over patient care.
- The government's investment in the research and development of renewable energy aims to accelerate its commercialisation.
- The commercialisation of the internet has enabled businesses to reach a global audience and expand their customer base.