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Commodification is the process of transforming inalienable, free, or gifted things (objects, services, ideas, nature, personal information, people or animals) into commodities, or objects for sale.
In economics, a commodity is an economic good, usually a resource, that specifically has full or substantial fungibility: that is, the market treats instances of the good as equivalent or nearly so with no regard to who produced them.
In business literature, commoditization is defined as the process by which goods that have economic value and are distinguishable in terms of attributes (uniqueness or brand) end up becoming simple commodities in the eyes of the market or consumers.
Water is a basic need of life and presently, an estimated one billion persons do not have access to safe drinking water, and even more have inadequate sanitation. [5] Global institutions, including the United Nations, warn of the impact of a growing global population and the effects of climate change on the ability of people to access freshwater. [3]
Hints and the solution for today's Wordle on Tuesday, January 14.
The parent company of fashion retailer Forever 21 has merged with JCPenney to form a brand new company called Catalyst Brands.. Sparc Group, which is also over the brands Aéropostale, Brooks ...
1990s bling and multiple rings are some of the biggest 2025 jewelry trends. Justin Lambert/Getty Images
Learn how to download and install or uninstall the Desktop Gold software and if your computer meets the system requirements.