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Department of Commerce

Department of Science

Commerce is a term which comprises the trading of something of economic value such as goods, services, information or money between two or more entities. Simply put it is a division of trade or production which deals with the exchange of goods and services from producer to final consumer. Commerce acts as the central mechanism which drives capitalism and certain other economic systems.

But before any material is to become saleable it needs Commercialization or commercialisation. Thus Commercialization consists of the process of transforming something into a product, service or activity which one may then use in commerce.

Courses of Science