Definitions for commodification
This page provides all possible meanings and translations of the word commodification
The assignment of a commercial value to something previously valueless.
Commodification is the transformation of goods and services, as well as ideas or other entities that normally may not be considered goods, into a commodity. The Marxist understanding of commodity is distinct from the meaning of commodity in mainstream business theory. Commodity played a key role throughout Marx's oeuvre, he considered it a cell-form of capitalism and a key starting point for an analysis of this politico-economic system. The earliest use of the word commodification in English attested in the Oxford English Dictionary dates from 1975. Use of the concept of commodification became common with the rise of critical discourse analysis in semiotics.
U.S. National Library of Medicine
The social process by which something or someone comes to be regarded and treated as an article of trade or commerce.
Find a translation for the commodification definition in other languages:
Select another language:
Discuss these commodification definitions with the community:
Use the citation below to add this definition to your bibliography:
"commodification." Definitions.net. STANDS4 LLC, 2014. Web. 17 Sep. 2014. <http://www.definitions.net/definition/commodification>.