Economics · Market Economy Concepts
The socio-economic process by which an object, service, or resource that was not previously traded is transformed into a commercial commodity within a market economy is known as:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Industrialization
- 2Entrepreneurship
- 3Production
- 4Commoditization✓
Correct answer
Commoditization
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