noun the action or process of treating something as a commodity or a product that can be bought or sold
In sociology, commodification is the transformation of relationships, social practices, or cultural products into commodities or objects of trade.
In economics, commodification refers to the process of turning goods, services, or ideas into commodities that can be bought and sold in the market.
In marketing, commodification involves the branding and packaging of products or services to increase their perceived value and appeal to consumers.
In environmental studies, commodification explores the impact of treating natural resources or ecosystems as commodities to be exploited for profit.
In cultural studies, commodification examines how cultural artifacts, traditions, or identities are commercialized and consumed as commodities.
In the field of writing, commodification refers to the process of turning creative works into marketable products, often leading to concerns about artistic integrity and originality.
Psychologists may discuss commodification in terms of how mental health services are marketed and sold as products, potentially leading to ethical considerations about the commercialization of therapy.
For marketing specialists, commodification is a central concept in understanding how products and services are created, branded, and sold to consumers in the marketplace.
Economists analyze commodification as the transformation of goods, services, or ideas into commodities that can be bought and sold, impacting supply, demand, and pricing mechanisms in the economy.