Commodification: meaning, definitions and examples
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commodification
[ ˌkɒmədɪfɪˈkeɪʃən ]
economy
The action or process of treating something as a mere commodity or object for sale rather than as a valuable entity in its own right.
Synonyms
commercialization, commoditization, objectification
Examples of usage
- Commodification of natural resources has led to environmental degradation.
- Globalization has increased the commodification of culture.
- In the modern world, even emotions are subject to commodification.
- The commodification of art has raised questions about its true value.
- Commodification of education has resulted in commercialization of learning.
Translations
Translations of the word "commodification" in other languages:
🇵🇹 comodificação
🇮🇳 वस्तुकरण
🇩🇪 Kommodifizierung
🇮🇩 komodifikasi
🇺🇦 комодифікація
🇵🇱 komodyfikacja
🇯🇵 商品化（しょうひんか）
🇫🇷 commodification
🇪🇸 comodificación
🇹🇷 metalaştırma
🇰🇷 상품화
🇸🇦 تسليع
🇨🇿 komodifikace
🇸🇰 komodifikácia
🇨🇳 商品化
🇸🇮 komodifikacija
🇮🇸 vöruframleiðsla
🇰🇿 тауарландыру
🇬🇪 კომოდიფიკაცია
🇦🇿 əmtəələşdirmə
🇲🇽 comodificación
Etymology
The term 'commodification' originated in the late 20th century, primarily in the field of economics and sociology. It stems from the word 'commodity,' which refers to a raw material or primary agricultural product that can be bought and sold. The concept of commodification gained prominence with the rise of capitalism and globalization, highlighting the transformation of goods, services, and even human experiences into marketable items. This process has sparked debates on consumerism, materialism, and the impact of turning everything into a commodity.