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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 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.
Other definitions of commodity include something useful or valued [4] and an alternative term for an economic good or service available for purchase in the market. [5] In such standard works as Alfred Marshall 's Principles of Economics (1920) [ 6 ] and Léon Walras 's Elements of Pure Economics ([1926] 1954) [ 7 ] 'commodity' serves as general ...
Heritage commodification is the process by which cultural themes and expressions come to be evaluated primarily in terms of their exchange value, specifically within the context of cultural tourism. [1]
In political economy, decommodification is the strength of social entitlements and citizens' degree of immunization from market dependency. [1] [2]In regards to the labor force, decommodification describes a "degree to which individual, or families, can uphold a socially acceptable standard of living independently of market participation."
An Australian man has been found not guilty of rape after blaming it on “sexsomnia.” Timothy Malcolm Rowland, 40, was found not guilty of rape after a seven-day trial after jurors agreed that ...
President Trump, an avowed fan of tariffs, authorized a wave of new import duties Saturday on America's three closest trading partners — Mexico, Canada and China. The tariffs on Mexico and ...
Two Colombian air force planes carrying deportees from the United States arrived in Bogota on Tuesday, the government said, paving the way for U.S. President Donald Trump's administration to lift ...