Commodified Meaning: Definition, Examples, and Translations

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commodified

[kəˈmɒdəˌfaɪd ]

Definition

Context #1 | Verb

economic context

To commodify something means to turn it into a commodity, that is, to make it something that can be bought, sold, and traded in a market. This often involves the transformation of goods, services, and even ideas into products that can be capitalized upon. The process of commodification can change the way we view resources and may lead to the prioritization of profit over intrinsic value.

Synonyms

capitalize, commercialize, monetize.

Examples of usage

  • The internet has commodified information.
  • Many cultures are being commodified for tourism.
  • Healthcare services are increasingly commodified today.

Translations

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Interesting Facts

Economics

  • In an economy, when something becomes commodified, it often loses its original value or meaning, turning into just another item for purchase.
  • Examples in modern life include art, culture, and even personal relationships being treated as goods.
  • The trend of commodification can lead to critiques about consumerism, questioning what we prioritize in our daily lives.

Sociology

  • Commodification impacts societal values, where things once considered inherent or sacred become saleable.
  • Social theorists argue that commodification can lead to loss of authenticity, as original expressions and experiences get reduced to monetary value.
  • In social media, the commodification of personal images and interactions raises concerns about privacy and individual identity.

Art & Culture

  • It is often debated in arts whether commodification diminishes creativity or provides artists more opportunities to reach wider audiences.
  • The music industry exemplifies this, where songs can become commodities that churn out profit rather than be appreciated for their artistic value.
  • Fashion is another area where trends can start as unique expressions but often shift to mass-produced commodities.

Psychology

  • The commodification of experiences can lead to a sense of emptiness, as people seek fulfillment through what they can purchase.
  • Studies show that when emotions and personal bonds are commodified, satisfaction within relationships can diminish.
  • People might begin to value items over experiences, leading to a decrease in overall happiness and contentment.

Origin of 'commodified'

Main points about word origin

  • This word comes from 'commodity,' which means a product or item that can be bought and sold.
  • It first appeared in written English in the 1970s, a time when many aspects of life started being sold like products.
  • The prefix 'com-' suggests 'together or with,' indicating that something is turned into a product through collective societal processes.

The term 'commodify' originates from the word 'commodity,' which comes from the Latin 'commoditas,' meaning 'convenience, value, advantage.' The practice of commodification has a long history, especially in the context of trade and economics. As societies evolved, various goods and services were transformed from local, non-commercial use into products for broader markets. This shift became markedly pronounced during the Industrial Revolution when mass production enabled goods to be manufactured on a scale that permitted their sale as commodities. In modern usage, commodification is discussed in various fields, including economics, sociology, and cultural studies, often with critical perspectives regarding its implications for human relationships and social values.