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commodification

From Wiktionary, the free dictionary
See also: commoditize

English

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Etymology

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    From commodify + -ification.

    Pronunciation

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    Noun

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    commodification (countable and uncountable, plural commodifications)

    1. The assignment of a commercial value to something previously without such value.
      Near-synonyms: commercialization, monetization
      • 2006, Ross Haenfler, Straight Edge: Hardcore Punk, Clean-Living Youth, and Social Change:
        Subcultures tend to go through continual cycles of commodification and resistance to that commodification.
      • 2023 November 21, Megan K. Stack, “Is Ireland Headed for a Merger?”, in The New York Times[1]:
        One drizzly morning, I joined a political walking tour to hear former combatants of the Troubles show off Belfast landmarks and tell their stories. Almost everything about this notion piqued my curiosity: the commodification of violence into a tourist product; the idea that “politics” was actually history.
    2. The transformation from being commercialized on a nonfungible basis into becoming a commodity that is fungible.
      Synonym: commoditization
      A company that innovates to achieve the commercialization of a technology often must shift strategy some decades later in response to the advent of that technology's commodification.

    Usage notes

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    Sometimes used interchangeably with commoditization (sense 2), and sometimes distinguished to have a sense of “non-commercial good becoming commercial” (sense 1); see commoditize § Usage notes.

    Derived terms

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    Translations

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    See also

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