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The earliest use of the word "commodification" dates from 1975. [4] Use of the concept of commodification became common with the rise of critical discourse analysis in semiotics . [ 11 ] The terms commodification and commoditization are sometimes used synonymously, [ 12 ] to describe the process of making commodities out of goods, services, and ...
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.
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.
Thesaurus Linguae Latinae. A modern english thesaurus. A thesaurus (pl.: thesauri or thesauruses), sometimes called a synonym dictionary or dictionary of synonyms, is a reference work which arranges words by their meanings (or in simpler terms, a book where one can find different words with similar meanings to other words), [1] [2] sometimes as a hierarchy of broader and narrower terms ...
Commodity-based money and commodity markets in a crude early form are believed to have originated in Sumer between 4500 BC and 4000 BC. Sumerians first used clay tokens sealed in a clay vessel, then clay writing tablets to represent the amount—for example, the number of goats, to be delivered.
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Once upon a time, there was a word for this kind of searching: pilgrimage. Religious travel used to ease this yearning for personal renewal. (It also begat the first touristic infrastructure, requiring things like inns and guidebooks—but I digress.) Today, the task of wholly-other discovery by way of wayfaring falls mainly to tourism.
In classical political economy and especially Karl Marx's critique of political economy, a commodity is any good or service ("products" or "activities") [1] produced by human labour [2] and offered as a product for general sale on the market. [3]