Commodifying: meaning, definitions and examples
💰
commodifying
[ kəˈmɒdɪfaɪɪŋ ]
economic context
Commodifying refers to the process of turning something that is not typically considered a commodity into a product that can be bought and sold. This often involves assigning commercial value to an item or service that was previously regarded as a public good or a non-monetary entity.
Synonyms
commercializing, industrializing, monetizing.
Examples of usage
- The commodifying of education has sparked debates about its value.
- In recent years, health care has increasingly been commodifying, affecting access for many.
- The commodifying of art often leads to questions about authenticity.
Translations
Translations of the word "commodifying" in other languages:
🇵🇹 commodificando
🇮🇳 वस्तुनिष्ठ करना
🇩🇪 commodifizieren
🇮🇩 komodifikasi
🇺🇦 комерціалізація
🇵🇱 komodyfikacja
🇯🇵 商品化する
🇫🇷 commodification
🇪🇸 comodificación
🇹🇷 meta haline getirmek
🇰🇷 상품화하다
🇸🇦 تحويل إلى سلعة
🇨🇿 komodifikace
🇸🇰 komodifikácia
🇨🇳 商品化
🇸🇮 komodifikacija
🇮🇸 vörufræða
🇰🇿 тауарландыру
🇬🇪 კომოდიფიკაცია
🇦🇿 maddiləşdirmək
🇲🇽 comodificación
Etymology
The term 'commodifying' originates from the word 'commodity', which comes from the Latin 'commoditas', meaning 'suitability, convenience, or advantage'. The transition of 'commodity' into the context of economic theory became particularly significant during the rise of capitalism, where goods and services began to be viewed through the lens of market value. Starting in the late 19th century, commodification became a key concept in social sciences, as theorists began examining how various cultural and social phenomena were transformed into commodities for trade. This evolving notion has continued to shape modern discussions around consumer culture and the impact of globalization, where goods, services, and even human experiences are increasingly seen as marketable assets.