Dictionary Meaning and Definition on 'Commercialized'
adj : organized principally for financial gain; "Christmas has
become a commercialized spectacle" [syn: commercialised]
Wikipedia Meaning and Definition on 'Commercialized'
Commerce is the exchange of goods and services from the point of production to the point of consumption to satisfy human wants. It comprises the trading of something of economic value such as goods, services, information, or money between two or more entities. Commerce functions as the central mechanism which drives capitalism and certain other economic systems (but compare command economy, for example). Commercialization or commercialisation consists of the process of transforming something into a product, service or activity which one may then use in commerce. Commerce involves trade and aids to trade which help in the exchange of goods and services.
While "business" refers to the value-creating activities of an organization for profit, commerce means the whole system of an economy that constitutes an environment for business. The system includes legal, economic, political, social, cultural, and technological systems that are in operation in any country. Thus, commerce is a system or an environment that affects the business prospects of an economy or a nation-state. We can also define it as a second component of business which includes all activities, functions and institutions involved in transferring goods from producers to consumers.[See more about Commercialized at Dictionary 3.0 Encyclopedia]
Words and phrases related to 'Commercialized'
Commercialized Sample Sentences in News
- Cuba to authorize household internet connections
Cuban telco ETECSA will begin commercialized household internet on September 15 of this year, though prices have been criticized as being too high in comparison to citizen wages. Read more on this news related to 'Commercialized'
- Bumblebees getting stung bad by honeybee sickness
Wild bumblebees worldwide are in trouble, likely contracting deadly diseases from their commercialized honeybee cousins, a new study shows. That's a problem even though bumblebees aren't trucked from farm ... Read more on this news related to 'Commercialized'
- Deadly Honeybee Diseases Likely Spreading to Bumblebees
Wild bumblebees worldwide are in trouble, likely contracting deadly diseases from their commercialized honeybee cousins, a new study shows.That's a problem even though bumblebees aren't trucked from farm to farm like honeybees. Read more on this news related to 'Commercialized'