commodification

English dictionary entry

Meanings

noun
  1. The assignment of a commercial value to something previously without such value.
  2. The transformation from being commercialized on a nonfungible basis into becoming a commodity that is fungible.

Pronunciation

/kəˌmɒ.dɪ.fɪˈkeɪ.ʃən/ /kəˌmɑ.dɪ.fɪˈkeɪ.ʃən/

Word forms

commodification commodifications

Etymology

From commodify + -ification.

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