In this period, from about 1350 to about 1620, two of capitalism's central attributes became firmly and widely entrenched: the market as the fundamental economic institution, or "commercialization," and a polarized class structure. Analysis of these traits began with the founders of modern economics and sociology.

When did commercialism begin?

By the mid 19th century, 'commercialism' was the noun used for the economic dynamic at the core of the newly industrializing society. The principles of commercialism underpinned the development of professionalized forms of sport, and so came into conflict with those central to amateur conceptions of sport.

What is commercialization process?

Commercialization is the process of bringing new products or services to market. The broader act of commercialization entails production, distribution, marketing, sales, customer support, and other key functions critical to achieving the commercial success of the new product or service.