Meaning & use

commodification

noun·Advancedformal

Last updated

UK/kəˌmɒdɪfɪˈkeɪʃn/
US/kəˌmɑːdɪfɪˈkeɪʃn/

Meaning

  1. noununcountableformal

    The process of treating something, such as a service, a feeling or a part of culture, as a product that can be bought and sold for profit.

    Grammar: Uncountable and used in academic or critical writing: the commodification of education.

    Patterns

    • the commodification of something
    • commodification of culture

    Critics warn about the commodification of education.

    The commodification of art can push artists to follow trends.

    Some people see the commodification of friendship in paid social apps.

Common combinations

commodification of culture
Scholars study the commodification of culture in tourism.
commodification of health
The commodification of health care worries many families.
growing commodification
There is a growing commodification of personal data.
resist commodification
Some musicians try to resist commodification by giving away their work.
commodification of nature
Selling shares of forests is an example of the commodification of nature.

Synonyms and how they differ

commercialization
Commercialization is the broader process of running something for profit, whereas commodification means reducing it to a thing with a price.
marketization
Marketization points to introducing market competition, while commodification stresses turning it into a product.
monetization
Monetization is about earning money from something, which is narrower than commodification, which also changes how it is valued.

Word family

commodity noun
A product that can be bought and sold
commodify verb
To turn something into a product to sell
commodified adjective
Treated as a product for sale
decommodification noun
Removing something from the market so it is not bought and sold

Commonly confused: commodification or commoditization?

commodification vs commoditization

Commoditization describes products becoming so similar that only price matters, while commodification is about turning something non-market into a product.

Practice

Which situation is the clearest example of commodification?

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