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Question

Conversion of an object as a product and economical value of such service or activity that may trade in market is called ___________.


A
Urbanisation
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B
Commercialisation
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C
Industrialisation
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D
Privatisation
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Solution

The correct option is D Commercialisation

Conversion of an object into a product so that it can be traded in the market is called commercialization. It is the process of introducing a new product or production method into commerce.


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