commercialization
UK: kəˌmɜːʃəlaɪˈzeɪʃən | US: kəˌmɜːrʃəlaɪˈzeɪʃən
n. the process of managing or running something principally for financial gain
n. the adaptation of a product, service, or idea for mass market appeal
The word "commercialization" stems from the root "commercial," derived from Latin commercium (com- "together" + merx "goods"), meaning "related to trade or profit." The suffix "-ization" (from Greek -izein via Latin -izare) denotes the process of making or transforming something. Thus, "commercialization" literally means "the process of making something trade-oriented or profit-driven." Historically, it reflects the shift of focus from utility to market viability, especially in industries like technology and art.
The commercialization of renewable energy has accelerated global adoption.
Critics argue that excessive commercialization dilutes artistic integrity.
The startup focused on the commercialization of its innovative medical device.
Social media platforms thrive on the commercialization of user data.
Early space exploration lacked commercialization but now attracts private investors.