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
- ‘The Giver’: Cookie-cutter teen dystopia shows some color
A movie review of “The Giver,” a beautifully packaged but commercialized take on Lois Lowry’s 1993 Newbury Award-winning young-adult novel. It got two stars out of four. Read more on this news related to 'Commercialized'
- Ligand Up on Multi-Program Captisol Deal with Avion Pharma
Ligand Pharmaceuticals Incorporated (LGND) entered into a deal with Avion Pharmaceuticals, LLC, under which four Captisol-enabled programs will be developed and commercialized. Read more on this news related to 'Commercialized'
- The Truth About Burning Man: Has The Festival Become Too Commercialized?
Forget everything that you thought you knew about the Burning Man music and cultural festival. What once began as a simple dance party in the middle of the blistering Nevada desert has morphed into an internationally recognized week-long festival in Black Rock Desert. In recent years, the Burning Man festival, which is widely recognized as Read more on this news related to 'Commercialized'