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English definition of “maturation”

maturation

noun [U]
 
 
/ˌmætjʊəˈreɪʃən/ US   /ˌmætʃəˈreɪʃən/ formal
ECONOMICS, MARKETING a stage in the development of a market, industry, etc. when it is no longer growing as fast as it did when it was new: Some experts believe we are now seeing the maturation of the computer industry.
(Definition of maturation from the Cambridge Business English Dictionary © Cambridge University Press)
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