Commodified: meaning, definitions and examples
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commodified
[ kəˈmɒdəˌfaɪd ]
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
Translations of the word "commodified" in other languages:
🇵🇹 commodificado
🇮🇳 वस्तुवादीकृत
🇩🇪 kommodifiziert
🇮🇩 terkomodifikasi
🇺🇦 комодифікований
🇵🇱 skomodyfikowany
🇯🇵 商品化された
🇫🇷 commodifié
🇪🇸 comercializado
🇹🇷 meta haline getirilmiş
🇰🇷 상품화된
🇸🇦 مُعَدَّل
🇨🇿 komodifikovaný
🇸🇰 komodifikovaný
🇨🇳 商品化
🇸🇮 komodificiran
🇮🇸 vörufræddur
🇰🇿 тауарланған
🇬🇪 კომოდიფიცირებული
🇦🇿 mallara çevrilmiş
🇲🇽 comercializado
Etymology
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.