Education in the ancient days was a service which was done for no remuneration but these days to get education one has to pay a huge amount. This is an example of ___________.

Consumerism

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Commercialization

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Urbanisation

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None of these

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Solution

The correct option is B Commercialization
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. In previous days education was shared among people for free of cost, but these days it’s being sold. This is an example of commercialization.

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